I actually think if they truly wanted to, they could make a RE game in vein of the classic ones even without Shinji Mikami but I dunno, I guess they just want adapt the series so it'd be more action-oriented since those games is what selling really well nowadays, it's either that or they want to play it safe so it would fall into the tastes of what the current gamers like. All I can hope for now is that I spoke prematurely regarding Leon's section but who knows. I want to believe.
You're right. If they wanted to, I think they could absolutely make a spectacular survival horror game. But Capcom is run by some very greedy Bobby Kotick-esque types that are only interested in projects that have the potential for huge sales.