In an interview with IGN, Guillermo del Toro said that he "loves working with Kojima" and the two are working on doing something together, even if that something isn't Silent Hills.

And what of Del Toro's thoughts on the now canned, buried, and spit on Silent Hills that he and Kojima were working on?

My heart is breaking all over again. Thankfully, it seems as though there is a future for the two and with any luck, we'll actually get to see what Kojima and Del Toro can cook up together this time.