Throwing an update here. I decided to make a whole new thread for this as I would like to know what do you think of Silent Hill possibly getting more spinoffs? For now all we have is Silent Hill Arcade (arcade only) and the mobile series consisting of the Orphan games and The Escape for the iOS.
Let's cut to the chase.
There's a possibility Silent Hill might go for spinoff titles, taking example of the multitude of Resident Evil titles. Book of Memories might be just the first of many. Here's hoping for Silent Hill Arcade to hit the console market.
You can read the whole article
[here].