According to a Tokyo-based analyst

It's not a secret that Capcom is probably working on Resident Evil 7. Sure, Resident Evil 6 failed to meet its expectations, but it's still one of the developer's main cash cows. A Tokyo-based analyst named Dr. Serkan Toto says we will be seeing the next game this E3.

Here are his tweets:

2) They will show it at E3. The RE7 team hired Jordan Amaro, a designer who previously worked on MGS V and P. T. at Kojima Productions. /end — Dr. Serkan Toto (@serkantoto) May 17, 2016

I wasn't particularly happy with Resident Evil 6, though there's a lot of fun to be had in Mercenaries mode once you learn all the cool tricks you can do. I've been wanting a soft reboot for the series for a while, and if they can bring back some scares, I'm all in. We'll know next month!