I'll give you that, it's nowhere near as scary as it used to be. I think Capcom learned that fun games sell more than scary games. While scary games do have their market of fans out there, fun shooting games have probably the 2nd biggest fanbase behind family/kids games.
Maybe it didn't sell well enough for them to do anymore remakes. Actually I think what did them in was RE: Zer0, I don't think that sold well at all and it was in the same style as old games. After that, RE: 4 was made and they never looked back.