The Swedish PlayStation 3 blog PS3bloggen.se reports the release schedule for Siren Blood Curse.

The game will be released on PlayStation Network in Europe in 4 segments of 3 chapters a week, for a total of 12 episodes. The chapters will be released:

* 17 July
* 24 July
* 31 July
* 7 August

See the enclosed Press Release in English on the site.
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New game system and character descriptions translated directly from the 5/19 Famitsu.com article:

-Those that weaved the nightmare:
The "Siren" series has always been based on various Japanese cultures and folklores. The base concept for this new game is "looking in from a different cultural perspective", with new characters giving the first game of the series a new translation. This is a introduction to two of those new characters that will appear in the game.

Prologue:
August 3, 2007. An American television crew has suddenly lost contact while covering their story in the deep mountains of Japan. The well-beings of the missing crew are still unknown. Up until the crew completely lost their contact, they were reporting on "found traces of human sacrifice" in the remains of a village which supposedly was wiped out by a land-slide in 1976. The name of that village was Hanyuda...

A bull-headed cultural anthropologist Sam Monroe:
A cultural anthropologist who works at an easy job at a third rate university. His stubborn personality always gets him into trouble by being perverse on his own believes and understanding of things. Having both family and financial troubles, Sam joined the TV crew out of desperation in exchange for a particular unknown condition. This caused Sam to be involved in the strange incident that happened in Hanyuda Village.

Cable TV Reporter Melissa Gale:
An American cable TV reporter. Divorced with Sam Monroe a few years ago. Melissa is troubled by the dilemma of her passion for work and the love for her daughter who lives apart from her. While reporting from the remains of Hanyuda Village, she is also one of the witnesses to the strange incident.

-Staying alive by using two modes of the "New Sight-Jack":
Changes made in the "New Translation" are not just the main characters' looks and stories. The serie...
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It seems the recently announced Siren: Blood Curse will be a downloadable PlayStation Network-game. The game featured in the PSN Showcase trailer, made available yesterday for downloading trough the European PlayStation Store.

Siren: Blood Curse is shown amongst other download-only games like Elephunk and pain, but also amongst games which are also available on BD-disc, like GT5: Prologue and Warhawk. it is unclear wether Siren: Blood Curse will be download-only or if the game will also be released on BD-disc
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Siren: Blood Curse is coming to PlayStation Network in twelve "TV-style, suspense-packed downloadable episodes this summer," Sony has confirmed. Pricing, or a specific start date, has yet to be made available.The official line on the story is: "The horror-survival title is set in the Japanese village of Hanuda, where a TV crew from America arrive to research the legend of the Vanished Village where human sacrifice is said to have ... » Read More

Siren Blood Curse is coming to the Playstation Network in twelve "TV-style, suspense-packed" downloadable episodes this summer, SCEE announced today.
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Siren: Blood Curse is the new official name for the latest in Sony's horror series, coming to PS3 later this year. ... » Read More

Thirty-seven new shots from PS3 title Siren: New Translation bring new meaning to the term "scared shitless." The images, posted on Japanese gaming website Game Watch, appear to confirm that the game will feature an American television crew, a LOT of zombies and nurses. Zombie nurses. Siren: New Translation is the third title in the franchise, succeeding Siren and Forbidden Siren 2. It's not ... » Read More