I don't think Capcom has enough budget to really afford such crazy moments like the ones found in Modern Warfare 3's campaign. That is a bit out of their league here. They should focus on cheesy dialogue and campy horror, which is what makes the series great.
The game will be good but they won't be able to compete with Call of Duty. They should try and stick to the genre they excel in, dramatic horror.
I have one problem with this. Call of Duty has lost it's luster, imho. Too many of them, they have saturated the market--forcing other FPS' to live up to the standard that Call of Duty has created. And that's not a good thing. It seems that any game that doesn't harvest some form of Call of Duty elements, it's automatically frowned upon by fans of the franchise and deemed unplayable.
Resident Evil is still powerful enough that when Capcom shows you a teaser--you're like "HOLY SH--, THAT'S CHRIS REDFIELD?!?!?!" --but at E3 2012 when Activision revealed the new Black Ops 2 trailer-- the crowd was like "Oh.....another Call of Duty.."
Nothing is captivating about it anymore. All that died after MW2.