The director is slated to be Hideo Kojima himself!
Unfortunately the downside to this information is that is was indeed posted to IMDB which is not 100% accurate (wasn't Jeepers Creepers 3 meant to come out about 6 years ago?)
So for now we will just have to wait for any other information to surface before we can all freak out!
More information: Silent Hill Wiki
Credit to Pip Petrie!