I have to agree with you. I read in a review somewhere, "from a horror movie perspective, too much Freddy Kruger, not enough Micheal Meyers". That about sums it up, there is not really enough suspense. Every time I enter a new area I know I'm in for something. I go in, and back out and wait for the beasts to come for me and I pick them off. Once, they are all dead, then the area is safe for as much time as it takes to collect swag, read e-mails, and figure out whatever puzzle is limiting my progress. Rinse, repeat.
Edit: Meyers, not Myers.
Edit: Meyers, not Myers.