Scary, yes. But technologically....well, simply outdated.
Of course, the game is old. That being said, I am reviewing it NOW, so I have to say that some parts are simply just barely "acceptable", as they play like a walk through wait-deep mud. Controls are unresponsive to a certain degree, and collision...well, let's say that fighting in this game is as much a question of luck as it is of skill.
Still talking about story and atmosphere: The game definitely delivers. Awesome horror-thriller setting....