Saw this on Indiegames.com. Looks good, reminds me of Penumbra.

http://indiegames.com/2011/09/trailer_tower22_rick_nieuwlaat.html

You can see a 5 min video there too.

A horror lurking game made by a peer of Mario? http://en.wikipedia.org/wiki/Julio_Iglesias

4 hours since it was first posted, and only one comment which is related to Mario even if I didn't quite see the relevance =P ? C'mon I'm sure there are more survival horror fans around...

Also, RPS has a coverage:
http://www.rockpapershotgun.com/2011/09/30/highrising-fear-tower22

ARGHRRR fucking motion blur

There has been quite a lot of first-person indie horroring lately, so maybe random people aren't that interested, while horror fans are still sleeping.

This isn't really a criticism, more of an observation but, it looks like the source engine. It looks almost exactly like it uses the source engine, but it isn't (pretty sure it isn't anyway), and I'm wondering if people are going to mistake it for a mod.

Still, colour me intrigued.

Ah shit okay. That's what I started to think to, then when I clicked on the wiki link, it just completely threw my mind.

Oh my, this looks quite interesting. :D