According to ESRB, this game contains: Animated Blood & Gore, Animated Violence
I feel divided on how to advise parents on this game. It is extremely violent and gory, but also extremely campy. Compared to true and unforgiving horror games like Silent Hill 2 the imagery in Code Veronica X is fairly tame, although probably inappropriate for children.
What older players may find baffling is that the game is, indeed, censored. All deaths involving decapitation and dismemberment have been crudely removed the game, yet there has been no attempt to minimize the excessive amount of blood. Most players probably won't care, but others may find this ridiculous hair-splitting annoying.
If history is any indicator, fans of the previous Resident Evil games will like Code Veronica X. It is well-made and has a slicker, more Hollywood feel than previous installments. Those who enjoyed the more methodical pace of Resident Evil 1 might find Code Veronica X to be a bit of a refreshment from the more relentless action of Resident Evil 2 and Resident Evil 3, but there is still enough momentum to satisfy those who want an intense survival horror experience.
Those who already own or have played the Dreamcast version must be warned that there are no enhancements to the gameplay whatsoever, and that the only real improvements are a slight face-lift in graphics and some extra story cutscenes.
It should be mentioned, however, that these cutscenes are fairly extensive and add many implications to the plot that were not there before (as well as some entertaining scene-chewing), so Resident Evil story fans might want to take a look regardless.