Well, I ask the same question a couple of weeks ago, and I still haven't tried it!
A member here, goodman, said it was pretty good. I heard from a lot of mags that this game is much more frightening than Silent Hill 2 and it was a solid game, despite of using a camera which you have to power-up to defeat your enemies. The enemies are basically ghosts.
Anyway, even though I haven't tried it, I'd say just rent it first, then judge on how you like it. The opinions for games depends on everyone. If it were me, I'd rent it, but I just haven't had a chance to. I hope this helps. If you want more info, just check this link:
https://www.ps2fantasy.com/forums/sho...=&threadid=726