PT was made by Kojima Productions and the last message in PT talks about the guy in the house who murdered the rest of the family (presumably the murderer was the dad, and the narrator sounds like the older son -- the ghost/apparition you see in the demo is Lisa, the wife.) The message, if deciphered in this context, was a direct reference to the Konami CEO who came in and went batshit insane and was responsible for ousting Kojima. In this case, the son = Kojima, the dad = the CEO, the wife and the aborted fetus = metaphor for Silent Hills dying before it had a chance (even Konami said the game was in an "embryonic" stage of development when it got canned). The son saying he'll "be back and bring all [his] toys with him" sounds like a direct reference to Kojima coming back with most of his staff and making new games.

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