Considering they modeled the main character after Norman Reedus, I'll be surprised if the game is completely first-person. Of anything, I'm hoping the game may just drop combat altogether and just stick to puzzles and making you wet your pants. The demo proved this could work and its not like combat was ever the series strong point. Maybe exploring the town will be in third-person but inside buildings you switch to first person? It will be interesting to see what they do with it.