Pretty much. I think the big issue is the original REmake didn't sell that well (kind of unfair since it was a system exclusive, but still an issue), and RE0 did even worse, so as far as Capcom is concerned that style of game is dead. A REmake 2 would require a lot of resources (we're talking about multiple campaigns for 2 different characters, not a cheap proposition) and no real guarentee it will do well. Which is too bad, it's probably the best game in the series.
The big brain am winning again! I am the greetest! Now I am leaving Earth for no raisin!