Konami has announced that it will be bringing its seminal horror series Silent Hill to Sony's PlayStation 3 and Microsoft's Xbox 360 consoles.

Currently going under the name; Silent Hill V, the new game in the series will be the first for the Next Generation systems.

According to Konami, the game follows Alex Shepherd, a war veteran returning home from an overseas tour of duty. Alex has taken compassionate leave following the news that his younger brother, Joshua, has gone missing. Initial investigations lead Alex to the small, insular community of Shepherd’s Glen, before he finds himself in the mist-shrouded and seemingly empty streets of Silent Hill…

Konami say it plans to "maximise" the use of the PLAYSTATION 3 and Xbox 360’s high definition capabilities, as well as promising enhanced puzzles, with players using cues from the environment to unlock elements in the game.

There will also be an all-new soundtrack from composer Akira Yamaoka.