Even Goat Simulator Wants Silent Hills to Happen

"We heard that Hideo Kojima was removed from the credits for Metal Gear Solid V so we added him to the credits for Goat Simulator," wrote developer Coffee Stain Studios on its Facebook page. The studio also extended an invitation for a collaboration with Kojima.
The credits continue with "Silent Hills P.T. ...Please Bring It Back .... Pretty Please?" It's hard to find fault with such a demand, many fans have felt let down Silent Hills' cancellation. When Konami delisted P.T. on the PSN, some eBay auctions for the PlayStation 4 with P.T. preloaded went for as much as $4800.

Hopefully the project will still show up in some form or another.

Source: GameSpot