At the very least, it appears to be a narrative-driven AAA horror/adventure.
New Sony studio Firesprite is making a ‘triple-A horror game’ in Unreal Engine 5 | VGC
Job listing suggests a big-budget “narrative driven horror-adventure” is in the works for PS5…www.videogameschronicle.com
hopefully this isn't a point & click game and is an actual survival/action horror game.