Thanks to VG247 and an ESRB listing, we finally know the plot of Resident Evil 7. It would appear the game will be following two completely new characters to the series, neither of whom have anything to do with R.A.C.C.O.O.N...if you want to see what the game is about...read the description below...

This is a survival-horror game in which players assume the role of Ethan, a man searching for his missing wife in a derelict mansion. From a first-person perspective, players explore the environment and use pistols, shotguns, flamethrowers, explosives and chainsaws to kill mutant creatures. Combat is accompanied by realistic gunfire, screams of pain, and exaggerated blood-splatter effects. As players progress through the story, cutscenes can depict instances of gore and intense acts of violence: a character’s arm dismembered by a chainsaw; a man’s leg taken off at the knee with a shovel; a character impaled through the face with a shovel. Some areas also depict mutilated corpses with exposed organs/viscera. The words “f**k” and “sh*t” are heard in the dialogue.

So that explains the connection between the gameplay footage with a woman and the separate gameplay with a man! Looks like you'll be able to split gameplay sequences between the two characters and try to escape the mansion together! Those shovel executions tho...I got a little queasy reading them. Can't wait to play the game January 28th.