I'm near the end of episode 6 so feel that i've played enough to rate this. Personally i've been very impressed so far. The visuals are superb and really suit the mood of this game. The story and pace of the game is fantastic and has kept me gripped throughout. The controls work well on the whole (can be a little cumbersome from time to time but not really any more than other games of this ilk) and I like the way that you can play in TPS or FPS. The lighting and shadows are some of the best i've seen in a game as well.
The enemies (The Shibito) are suitibly scary and gross and taking them down with the various weapons in the game is great fun.
The best thing this game does though is create probably the best survival horror atmosphere in a game yet. The graphics, sound, effects and set scenes all go towards creating this and it is very impressive indeed! I also love the TV style presentation which leaves you with a good sense of achievement once you finish an episode and leaves you wanting more! I must have played a good 5-6 hours so far and would guess that this game is around 10-12 hours in length. When you consider that many full price titles do not offer that game length, then this is very good value at £19.99.
IMO this is an Outstanding Survival Horror title for anyone who's into this genre of gaming.
9/10