I remember reading stuff on that. Not sure if it was just rumors or what. I think it was people discussing an article that came out in famitsu.
Apparently, the game will be a rehash of previous REs. Seven levels, pulled out from previous RE games (the mansion from RE1, the racoon city police station from #2,... the village from RE4), with an arcadish gameplay, ala mercenary mode in RE4.
Sounds kind of underwhelming. I was hoping for something new, altho along the lines of RE4 (just like u).