I will NEVER forget playing Resident Evil 2 every other night with my cousin at 2 a.m., with the lights off. It's scary, but god damn it's intriguing.
These new 'Yo, this ish will scare da crap outta u" games may be scary, but just don't have that old-school horror feel to them. Same as in the movie theatres, all of the best horror films are of 10-40 years ago.