I'm surprised there isn't a thread about this yet.
Basically I smurfing love this game. It's funny how simply adding the ability to dodge and roll added so much depth to the battle mechanics, as well as the combos and finishing moves. The combat is so brutal! I love the sound a metal pipe makes against a monster's head.
Also, the graphics are purrrrrrrrty, especially in HD. I'm not a big fan of the Otherworld transitions though, I think the Otherworld looked a lot cooler in earlier installments. The music and sound are good as always.
I didn't play too far in, but I've found a lot of connections to Silent Hill 2. (SPOILER)Sheperd being the main character's last name is obvious. I'm wondering if Adam is actually James? Also, the girl who speaks out of the hole in the door in the hotel I think may have been Mary. It sort of sounded like her, and one of the "memories" you gather for her talks about falling ill. Another talks about a row boat. Coincidence? I think not!
I think my favorite cinematic so far has been the introduction of Siam. The monsters in Homecoming are all pretty gruesome, but Siam is just too awesome.