This sounds highly unlikely given that Konami, Kojima, Del Toro and Norman Reedus have all said that Silent Hills is dead in the water, but an anonymous source has told Rooster Teeth that Microsoft is in talks with Konami to buy Silent Hills as an Xbox One exclusive.
The source says the game is 80% complete and Microsoft are throwing huge amounts of money at Konami to secure the game. They also say that P.T. was removed from the store “as a show of good faith to Microsoft.”
The 80% complete comment sounds like a big pile of steaming doo-dah to me, Konami themselves described the cancelled game as “embryonic”.
The source also said the game is said to be revealed at E3 and could be out as early as March 2016. Microsoft have given the usual “does not comment on rumour or speculation” response.
It all sounds highly unlikely to me but if there is some code Konami would be stupid not to give it to Microsoft and take their money. However that would no doubt sour Konami’s relationship with PlayStation and, of course, anger an hell of a lot of people. But hey, money, and given Konami’s recent antics I wouldn’t put it past them.
Meanwhile, Norman Reedus has been tweeting in support of a campaign to get the game on PlayStation, so he obviously hasn’t heard the rumours yet.
UPDATE: As we suspected, a load of tosh.
@GoReds42093 @Xbox Sorry, this isn't true. Not sure where the rumor started but I don't want to mislead anyone.
— Phil Spencer (@XboxP3) May 30, 2015