If you hold any value to words of Konami’s President, the eighth installment of Silent Hill, Silent Hill 8, will be released in 2011 for the Xbox 360 and Playstation 3.  Not only did Konami confirm the release, they also promised that the next installment would remain true to the franchise and deliver a third person horror experience.  Rather than bore you with the nitty gritty details let’s hear it straight from the horse’s mouth,

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 Digital Entertainment Inc. “This Silent Hill introduces an all-new storyline and unique evolutions in game play, building on innovations and successes from over a decade of true survival horror and terror.”

There you have it, Silent Hill 8 is confirmed for 2011 on the Xbox 360 and Playstation 3.  Keep in mind that Silent Hill 8 is only the working title and in all likelihood we will see the name change before an official release.