OK, just got home and am getting into this shit finally.
I gotta be honest, this is pretty fucking great. The options are in depth and varied if you care about that sort of shit. The graphics are incredible on just a regular PS4 setup. The story pacing is good (so far) and is very reminiscent of a well done horror movie. It's creepy as shit normally and I have been scared a few times already in the very beginning, I can't imagine how fucking good this must be with VR. I really like the item system / discovering new information, I won't say anything more.
As someone who has been playing evey Resident Evil since they've been released, this is an intense and awesome experience for me in a way a game like RE6 or whatever never could be. It was just kinda generic shooter garbage, and even though I enjoyed it, this game actually gives me the feelings the original Resident Evils did. That is irreplaceable.
I highly recommend getting together with someone, turning the lights off and pass the controller back and forth while getting the shit scared out of you like kids. This is fun.
Disclaimer : I am not super far (45m give or take) and opinions might change. Very strong initial impressions.