You might want to check out tower22
http://www.youtube.com/watch?v=fEK808gC1GM&feature=plcp older video, but "more action" and "more scary"
http://www.youtube.com/watch?v=b7gK3AiBS7I&feature=plcp newer HD video
Also make sure to check out the dev blog
http://tower22.blogspot.deThere's a lot of great info there, not only about the game, but also about how the effects were done. So this might be a good read for ryL_eXile as well as MasterQ32 (who seems to be creating a deferred renderer for this?)
Their main website is located here:
http://www.tower22game.com/