This P.T. demo is now live on the PlayStation store
During Sony Computer Entertainment's presentation at gamescom 2014, an interactive teaser titled P.T. (short for "Playable Teaser") was released on the PlayStation Store for PlayStation 4. This video shows a new Silent Hill game entitled Silent Hills, which is being developed by Kojima Productions using the Fox Engine.
Silent Hills is a collaboration between Hideo Kojima and Hollywood director Guillermo del Toro, featuring actor Norman Reedus.