Yes and no.

It's not as good as dead space, and not as scary.

It does have decent atmosphere, cool visuals, etc. The combat system is very good. Much more action game than horror game. The melee system meant that not running out of ammo and being careful with your shots wasn't as important as in dead space.

It falls short in several disappointing ways. The "stealth" system is a joke. There's a level where you have to sneak around "blind" monsters that only act on sound, except you can walk right up to them and just melee kill them, LOUDLY, without any of the others reacting.

So the stealth sections are completely trivial.

There's a pretty interesting enemy in the form of the automated security robots of the prison, except it literally shows up in just the tutorial, where it shows you how to deal with them, but then they're utterly absent in the rest of the game.

The whole game is really impressive in a couple ways (graphics and animation, the combat system) but it feels like 50% of what was supposed to be in it was cut, and like several mechanics never got implemented.