So I haven't been following the next gen stuff much since the E3 drama, but this game caught my attention. 
Shinji Mikami (his studio is Tango Gameworks) is pretty much a badass when it comes to GOOD survival horror games. Bathesda and Tango are making the game and it looks pretty awesome. Supposedly the game is going to go back to survival horror roots and basically be a completely dynamic true survival horror game. I'm pumped. 			
							
If you're not familiar with Mikami, here are some of the projects in which he was involved:
Shadows of the Damned   
God Hand      
Killer7   <----- If you've played this then you know how messed up his games can be :)
Resident Evil 4      
Dino Crisis 3      
Viewtiful Joe      
P.N.03   
Resident Evil Zero
Resident Evil (remake)
Resident Evil Survivor 2 Code: Veronica   
Devil May Cry   
Dino Crisis 2      
Resident Evil Code: Veronica   
Resident Evil 3: Nemesis   
Dino Crisis   
Resident Evil 2
Resident Evil
Notice that he hasn't had anything to do with the newer RE games...