New Parasite Eve game would be amazing, and I have no idea why this isn't happening. It's not like there is no place in the market these days for a good action RPG that shares floor space with the survival horror genre. Arguably, now is a great renaissance era for horror, and not just with the indie/mid-tier crowd. Silent Hills is going to be a thing. Resident Evil 7 may well be a return to the series' roots, given the backlash RE6 (and arguably RE5) attained, and with Revelations 2 coming soon.
Not sure who would really want The 3rd Birthday on PS4 though. By all means, they can do a digital port for it, but there would be no reason to do any more than that.
I'm not really interested. I haven't really heard good things about this game.
The gunplay is solid. There's real tension, particularly in the higher difficulty, where you're frantically looking for an NPC to Overdive into, because the host you're currently using is quickly turning into a near-naked rag. Each level brings interesting new twists to things and it's more or less a requirement for you to whip out different weapons and make use of certain vantage points to turn the tide of battles, such as mini-boss encounters. For a PSP game, it's a very good B-level shooter.
It's typically the writing and the plot that garners the ridicule, and for good reason. I believe someone on NeoGAF once put together the entirety of the game's plot into paragraphs of text, and even to someone who did actually play through the game, the plot is still a nonsensical mish-mash of things that happen, because...they happen. Then there's that one twist near the end that truly nails this game on the cross for Parasite Eve fans.