I've honestly only played the OG version of Silent Hill 2 (still need to play the remake).

The first movie was indeed pretty well made. It wasn't spectacular, but it worked well as a horror movie and I thought it treated the source material with respect.

The second movie was notably lower in quality, but I still enjoyed it. That being said, I can watch almost any horror movie. There are many horror movies that are perceived to be even worse than the second one and I still find them entertaining.

I will probably even go watch this in the cinema if English language screenings will be available.