Umbrella was finished by the beginning of RE4. Leon explains it in his opening dialogue:Could you remind me, what was Umbrella's fate in RE4? Krauser was there on behalf of Umbrella?
That would be like if Ganon was suddenly killed forever in Legend of Zelda and they completely replaced him with some new villain nobody gave a crap about who constantly blabbers about wanting to revive Ganon but never actually does.
The PS2 version does have its flaws. The graphics are nowhere as good as they were for the Gamecube or the HD ports and for some reason Ada doesn't get a knife in The Mercenaries or Assignment Ada even though she has one in Separate Ways.RE4 is an amazing game. I've done the GC and PS3 ports but the PS2 one is supposed to be excellent.
The PS2 version does have its flaws. The graphics are nowhere as good as they were for the Gamecube or the HD ports and for some reason Ada doesn't get a knife in The Mercenaries or Assignment Ada even though she has one in Separate Ways.