Is it bad that I think this animation is just OK?
The parts where there was actual animation was pretty good. It really captures the old 5th gen era look for the most part. Love how expressive every character is, and a lot of it is done through clever texture work which is a neat era-accurate detail. Also love just the simple yet effective movements of each characters.
My biggest gripe with this was that it mostly felt like I was watching a no commentary longplay of a walking sim. There's so much dead air that could have been filled with neat little animation bits. I know you're trying to imitate a game with these sections, but even for a game it looks boring. If you're going to imitate a game the least you could do is imitate Resident Evil. The fixed cameras would have made these walking section a little more interesting to look at, and would have fit the 5th gen look way better than an fps.
Speaking of: the inconsistencies in this bothered the heck out of me. You have a game that imitates the N64 with PC mouse controls and Dreamcast disc-drive loading screens. I know these details mean nothing in the end, but people that can't make-up their mind bother me.
Finally, I just thought the dialogue was OK. Not great, but enough for me to tolerate it. Most of the characters don't really have enough "emotion" in their lines. Really the only ones that come close to sounding natural are Spooky and Skeeter. The rest sound bad, not 90s overly hammy bad, just plain stiff. I can practically see the actors reading the script
Overall, I can't dock too many points off if it because it's still well made and has a lot of effort poured into it, but boy, for something that's got so many awards under its belt, it felt underwhelming as hell to watch.