The Konami E3 2007 press conference is kicking off, with Konami's Mark Franklin and VP of marketing, Anthony Kraus, going through many of its previously announced titles, including Dance Dance Revolution Hottest Party for Wii, Contra IV for the Nintendo DS, Castlevania: The Dracula X Chronicles for PSP and much more. We've been promised news and "new announcements" so make the jump for the semi-non-liveblogging.

The first game is Silent Hill V, featuring little more than a teaser trailer with logo. William Martell takes the podium to announce the game is coming to next-generation platforms. That's the Xbox 360 and PS3. You're Alex Shephard a man returning from an overseas tour of duty. His family is in disarray, only his younger brother Joshua provides him with happiness. Joshua just happens to have gone missing. He'll obviously look for him in the eerie town of Silent Hill.

Alex will "need to make full use of his military training." Akira Yamaoka is returning to compose the game's soundtrack.

Kojima takes the stage, kicking off his speech in full English. Kojima talks about the downgraded E3, calling it an important festival. He talks about the MGS series and its relationship with E3. He says he wanted to make a bigger bang for MGS4, but will have to settle with the current version. He says he hopes the "old E3" will return next year.

The Metal Gear Solid 4 trailer rolls.

Getting a second chance to view the non-playable trailer, it shows how crisp this preview is. Sure, the Fox Hound soldiers look like plastic action figures, but it's still a sight to behold. Meryl must have a lot of product in her hair, though. It's like a helmet.

I missed the mysterious sunglass wearing soldier in the first viewing of the trailer. Who could that be? Anyway, the game is coming in "Early 2008."

And that's it. Silent Hill V and Metal Gear Solid 4.

Off to pick up some assets.