Konami has renamed Silent Hill 8 to Silent Hill: Downpour, due to setting of the game, according to Game Informer who has a whole reveal spread in the next issue of their magazine.
"Konami has given up the goods on the latest installment of Silent Hill, Silent Hill: Downpour, and it's all in the latest issue of Game Informer Magazine. We can't divulge too many details here, but expect to see some new places in Silent Hill and a whole lot of water. It's falling from the sky! It's running from the ceiling! It's in puddles on the ground! If you're hydrophobic, you're probably already drying your pants in terror."
The game will feature plenty of water in addition to some good old classic Silent Hill combat, puzzles and a 10 hour long campaign.
Silent Hill: Downpour has yet to get a street date, but it will be available on both the PlayStation 3 and Xbox 360.
Source: Game Informer