Io9 Observation Deck contributor Remedios Varo was also on hand for the event and discussed the news on Twitter earlier today.

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While del Toro’s comments don’t necessarily mean the Silent Hills project is completely cancelled—we’ll have to wait for official word from publisher Konami on that one—it certainly indicates that at least one of the driving forces behind the game is no longer involved. And with the current muddy relationship status between superstar game director Hideo Kojima and Konami, it’s likely neither is attached. Toss in an apologetic tweet from Silent Hills star Norman Reedus...

...and the game’s fate would seem to be sealed.

It’s crazy that such a well-received teaser as P.T. would ultimately lead to a dead end. It’s sad to think that soon all that’s left of such a promising project might be echoes of enthusiasm in a completely different game.