The name won’t stick, but as of now it’s called Silent Hill 8 (wow, 8, really?) and it was officially revealed today during Konami’s E3 conference.

The game is being developed by Vetra Games, a new developer, and will maintain the series’ standard third-person view. It will put players in the role of Murphy Pendleton, a prisoner who finds himself stranded in Silent Hill when his prison transport bus crashes.

“In honoring the rich history and strong following of Silent Hill, we’re working hard to build a next generation horror game that the fans truly deserve,” said Shinji Hirano, President of Konami. “This Silent Hill introduces an all new thought provoking storyline. Players will once again find themselves face to face with their deepest sins and fears in the strange world of Silent Hill.

According to the press release, gamers will “encounter mind-bending puzzles, as well as horrific creatures and other world terrors using everyday objects from wooden chairs to glass bottles to fend off their enemies.”

“The natural response, fight or flight is left to the player as they unravel a dark, thought-provoking storyline which will appeal to fans of the early, classic Silent Hill series, as well as anyone who enjoys a deep, psychological horror experience.”

“In addition to the main storyline, players will also be presented with variable side quests along the way that can change depending on their play style, revealing unknown evils within the town.”

So is Silent Hill going open world? It kind of sounds like it with the side quests. It sounds interesting as well that the game features environmental weapons such as wooden chairs and glass bottles. Could there be a new physics engine in place?

It will be arriving in 2011 for the PlayStation 3 and Xbox 360, so we should be hearing a lot more about it over the next few months.