I've never played any Silent Hill games, but I'd like to. Too bad this turned out crappy. So it's not even worth $15?
It is. It had some annoying performance (mainly slowdown) and graphical issues at release, but it's actually pretty solid post-patch. They listened to fan complaints and improved the games' performance and redid the fog and addressed a lot of the issues fans had (some of the complaints in the previous posts in this thread and the photos posted of the docks are taken directly from pre-patch discussion...a lot of those issues have been fixed).
It's not quite 100%...but it's close enough post-patch to be perfectly enjoyable, especially if you're new to the series. A lot of the legitimate lingering complaints post-patch seem to be really subjective (i.e. whether or not you like the new voice acting, the occasional texture difference). I actually loved playing through the games again with the fresh coat of paint, and I'm a long-time fan of the series going back to the original on ps1.