Although not as a game, at least not yet. Suda 51 announced that Project S will bring back the Snatcher franchise in a variety of media. The first form will be as a radio drama. Suda 51 himself has written the script for the drama, whose name may end up being Snatchers (he hasn't finalized it yet). He also mentioned something about lending his own voice talents to the drama, although we're not sure if he was being serious.