Have people been keeping an eye on Resident Evil 4? I cannot believe how awesome this game looks.
It's got a whole new 3d engine, no more static bitmap backdrops from the previous games. And there's an over-the-shoulder viewpoint now, with the option of first person. The graphics are spectacular, you think they're pre-rendered but they're all in-game.
If you get a chance, d/l the E3 video. It took my breath away, I'll be buying it for sure.