Eh, I survived the transition from old school RE to the current style of RE (and, as fan from the beginning, RE needed to evolve because the formula was getting stale to a lot of people, even if hardcore fans didn't thinks so). I will survive this one, too, if the game is actually good.
Saying that, it's pretty shocking if there's not some bait and switch going on here and this isn't what it seemed. As different RE4 was to what came before, there was still a lot of familiarity to it. From the characters, the setting, the atmosphere, the style, the writing, etc. VII just seems...so out of left field. Of course, maybe it's not and the actual game will be closer to RE than it looks, but the way in which it was presented was so different than what I think anyone would expect from Resident Evil, new or old, it's very jarring. Anyone familiar with the franchise can see that.