I'm really hyped about this after seeing it and wanted to share the information about this mod to everyone
So, this is a RE2 PC mod by Dominion and it takes place in an alternate timeline (this stuff is explained on the mod's site). It also uses parts of RE1.5
Right now it's in the making.

Without further talking, heres the site: http://www.darkbiohazard.com/menu.htm

Dark Biohazard YouTube page: http://www.youtube.com/user/YamiBiohazard

There's lots of stuff in there so go and check it out if you're interested

Furthermore, here's a video about Dominion's modding history: http://www.youtube.com/watch?v=NzWV8gyV6B0

You can also find an interview of the makers of the mod in The Horror Is Alive.

UPDATE:
Raccoon Trailer:

Mansion Trailer:

they don't look like crimsons

I actually asked his opinion on those running things in trailer 3

Well he does talk about them awfully lot. That's mainly the reason I asked him, he seemed like an expert

lol...I wounldnt doubt that one bit

Sadly I think yami stopped working on it since there has been no updates for over a yr what a shame since I would have loved to play thru a classic re game with fixed angles compared to the over the shoulder view. Also yami had kid zombies in it which = instant win for me. I would love to hear the project is alive.

I've been waiting for new updates but nothing has shown up since those trailers. I hope he'd do something about it soon.

Look's like this was going to be somewhat bigger than RE2, seeing it had parts played in the mansion.

Yeah I thought that it was pretty interesting back in the day too. I think it'd be a good base work to make a fanfiction off of. A Resident Evil 3.5 fanfic would also be pretty cool on that note too.

If he did, wouldn't he have put an update saying that he's quitting or something. That is quite possible though.

Maybe they hired him.