Dude.
I remember seeing / reading about the new RE4 game months and months ago and thinking "It's gonna be cool as hell. Yeah!". And then, months later, hearing that they scrapped all that and were going in a different direction. Then I thought, "Hrrrm? Oh well, RE4 will still be awesome." And it is... but these old videos ....OMG!
I can only hope that someone takes what's here, finishes it, and puts it out.
Allow me to further comment on Wirru's comments -
1. Fixed Camera - I totally agree. Works great for setting a mood. Sucks it for shooting zombies.
2. Blue Screen - I actually liked this. It only seemed to happen right when the scary thing was happening. In a few sceens, it kind of looked like your vision became a bit blurred also. I know if I were to see zombie, ghosts, scary dolls and crap like that, my vision would become blurred also. Along with my pants becoming heavier - filled with poo.
3. Flashlight - Wow. This was one of the best things about this video. I LOVE the flashlight. To me, it added SO much to the overall feeling of spookiness. They also made the "findable" objects highlight very noticable so there wasn't a problem there. The easter egg thing, I don't really know about. I guess I have never found any. I bet, Wiruu, you're a better zombie hunter than I am.
4. Fixed Aim - I don't know about this one either. It looked to me like Leon was able to shoot where ever he wanted to. I do have to say that I really wasn't focused on that aspect too much though. And what do you mean about the other RE games having fixed aim? I have always been able to shoot where ever I wanted to. Unless I am not understanding what you are talking about.
My final words - I liked the old zombie approach. When I heard that they were dong away with them, I wasn't too thrilled. After seeing the new RE4 game though, I was very happy with the end product. These old RE4 videos are awesome though. I would have loved to see this game come out. I remember seeing Leon walk thru those hallways with the wind blowing on the curtains and the lightening outside and the shadows... it all looked so incredible. These videos reflect that. Now, I do get a bit of a cheesy "boo!" factor while watching these videos also. There were a few too many "bang!" something falls or "whooosh!" like with the fireplace, but it was a haunted house.

So, to wrap up, love the new RE4 game. Would have loved the old version as well.
ps - Zombie phantom was way badass. 100%!