The game is going to be set during the events of Resident Evil 2
This is what I hate about Capcom; with the exception of the Breath Of Fire series they're
terrified of progressing the stories of their major franchises. There's been so much 'fleshing out' and 'expanding' of what they've got established you'd think the devs were best buddies of Games Workshop.
Street Fighter: Story hasn't progressed since Third Strike released in what, 1998? Street Fighter 4 is a damn prequel, and yet in spite of this they make the 'main' characters stronger than the others. They even admitted to toning down Sean, Elena, and Alex for the sake of Ken, Chun-Li and Ryu, who were included because of popular demand.
Megaman: The series split after Megaman X 4 (or was it 5?) into the canonical Megaman Zero games and the non-canon X5(?), 6, 7, and finally 8 because they
just couldn't stand making Zero the new protagonist and abandoning X as a playable character ,regardless of how important a role X still played... and then they made X only playable for the second half of Megaman X 7. It'd be like making two sets of Star Wars movies, one with Obi-Wan as the protagonist for every single one, and one with a new protagonist halfway through.
Resident Evil:
Fuck. Racoon. City. Not even concluding Sherry Birkin's story (for better or worse) and making Akuma a playable character will make me want to play another Res game in Racoon Fucking City, and Akuma's both my Avatar, and childhood hero.