According to this Gamekyo piece, Capcom’s confirmed it’s got more than 400 people working on Resident Evil 5.
“In addition to developing tools, we have also strengthened our game development structure. As more than 400 people including company employees and outside contractors are working on this particular title, we have reorganized the structure to assign appropriate human resources, manage development process and offer mental health care to staff in order to ensure smooth operation. Our belief while developing Resident Evil 5 was that no detail was too small when it came to graphics.”
There’s a fair amount of Capcom-related stuff knocking around tonight, and it appears to have come from a financial release. Can’t find it, obviously. We’ll keep looking.