I feel like the game takes a step away from the horror elements, there is still the creepiness with the murders and the forest. The gameplay feels more action based, with the exploration water walking and combat, while the creepier smaller interactions are not there.
The idea of where the story could go is still interesting, I just wish the game had some more of those creepier aspects the first two had, like if the monsters had more of a role within the game.
Look forward to the next game, and see where you take what is going on within the forest.