Well I had no idea about this until today, but apparently they are making a remake of the original Clock Tower game, and they're preserving may things about it but also adding tons of new content! Full story here:

http://continueonline.wordpress.com/2010/07/08/hes-baaaaaaaaack/

Prepare to poop yourself

Interesting. So far so good, hope the final product lives up to some of the hype it's sure to generate.

This is fan remake, that barely differs from those flash games you find on the net. You shouldn't get your hopes high.