Bloober's going to do something heinous, like have you play as the painter who originally created "Misty day, remains of the judgment," causing some kind of stupid meta bootstrap paradox where Pyramid Head existed as a tormentor before James was ever even born, always existing in the town, rather than just a creation of James' after seeing a portrait based off of old executioners and their masks.
Hell, maybe they'll go full "fuck you" and tie it directly into Layers of Fear and have you play as the same artist from the first game or whatever. Bloober's games were already SH2 "inspired," now they can hook themselves into the legacy, like some kind of parasite.