The Fatal Frame games are by far the scariest video games I've ever played.
And for some odd reason...I love them.
If you haven't heard anything about them, they're survival horror games on the PS2 and Xbox, revolving around exorcising ghosts, with haunting background stories, and feature ghosts and rumors similar to many Japanese superstitions.
What makes the game so scary is its creepy atmosphere and background story, and the fact that your only weapon and means of escaping is a camera called "The Camera Obsura". Combating the ghosts means to look into the camera in first-person, coming face-to-face with them and all their horror.
More info.Here are a few trailers:
Fatal FrameFatal Frame IIFatal Frame IIITecmo and Grasshopper Manufacture are currently in the making of Fatal Frame IV for the Nintendo Wii!
(Beyond The Camera's Lens)I can't wait! I'm really curious how they'll design the controls for it on the Wii.