This game as far as a demo goes- it gets above the scale.
It has the retro feeling of awkwardness in distant places, the eerieness of Silent hill and combat of RE. I am not that much of a fan of PSX-style games, so my own experience is also quite small. The environment was simple and fantastic in it's camera's perspectives and particles for each scenario - the old confetti going through the air, the far-fog, the AUDIO.
It's tremendous work, fun and enjoyful.