The comparison's with Konami's series are obvious, at least on the surface. Now is definitely the time for Capcom to completely reinvent Resi, and this is - no doubt about it - very, very different. There is an evil at work in this house and you feel it with every step you take.
There's absolutely nothing camp or B-movie about the scares here and, in that sense, it's a complete departure from traditional Resident Evil. The slow-burn horror, the sense of isolation, the other-worldly feel, the smart use of found footage to build the terror further. Instead, it has adopted the traits of classic era Silent Hill, and the more modern vision that Hideo Kojima teased in PT. Only the classic 'slowly opening door' remains, as a nod to the 20 year old original.
Resi 7 has ditched most of the physical hallmarks of the series.