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A good, solid foundation for a very good game. The atmosphere has been nailed and the grey-scale colouring really adds something to the game.
A few things were missing or need to be changed in my opionion. Taking into account that it is a very early alpha I won't criticise until full release but you should probably look at making the static effect after seeing the 'thing' a little more fluid (maybe make it fade onto the screen along with the audio). Also you could benefit from changing the models pose. His current T-pose really takes away from the scare when you see him upclose.
Other than that the game is great and I look foward to following the updates like religion :)