Silent Hill series had like one game that hit the jackpot which was 2 and 3 was decent, i dont think as a franchise it was elite, like Resident Evil or Metal Gear.
I know people are pissed because Bloober is mediocre studio, but i dont think any studio will nail the game, Silent Hill 2 is a cult classic now, its a thing of the past, kinda like Satoshi Kon anime films, something hard to make again in a similar fashion because the OG staff is gone. So Bloober or not its not going to matter imo, and as for Gameplay complaints, Silent Hill never had good gameplay, the game always had clunky controls and bad combat system, the gameplay was always weak but nobody cared for that, people loved 2 things; 1) The Writing. 2) The Atmosphere (thanks to the art and soundtrack). That's about it. Atmosphere can be re-done by a talented team, but writing is the tricky one.
I really like Silent Hill 2, its the one that stands out, but i also think the game is overpraised too (people really over sell the scare/horror factor), sure it was underrated back then, when it came out but now its not, maybe the opposite. But im still not sure about that. I prefer Resident Evil Remake to it.
Anyway, as i said, i dont think this series will ever have a game like the second one, that was a 1 time hit, but i hope they make a good Silent Hill game, but who am i kidding, the nostalgia will kick in and fans of the old game will not accept the new ones, its just not going to work, best thing imo is to start a new franchise, Silent Hill is over, start a new series, but i guess name is good for marketing right? thats why Ubisoft calls its open world action adventure games "Assassins Creed" even though its no longer similar in any shape or form to what it was supposed to be.