What’s Going On In This New ‘S-VHS’ Pic?

Took me a few days to digest this first pic from the upcoming V/H/S sequel, now titled S-VHS.  Observe below and we’ll discuss after:

Looking kind of like a first-person video game, seems like someone is about to fight off a bloodied up little boy, or man who looks like a boy.  And from the looks of the marks on his body, there’s some ritual/possible devil worshipping stuff going down.  This is where I speculate on one pic and try to make it more interesting than it is.  It’s a slow news day (shrug).  Anywho, S-VHS has begun filming and the plot is similar to the first, with a pair of investigators discovering a VHS tape while looking for a missing student.  Gareth Evans (The Raid: Redemption), Eduardo Sanchez (The Blair Witch Project), and Jason Eisener (Hobo With A Shotgun) are among the new directors contributing this time around.