That would be interesting...I would be interested to see if they could make it scary. Lovecraft has that whole cosmic horror going for it, it is very psychological. Most horror nowadays is scary because it plays on a very personal, in your face fear...
Indeed. For me, the two scariest movies I've ever seen were "The Day After," because of the locations, and "Requiem for a Dream."
Either modern horror is done like that, or it's the overdone
quiet, dark, long hallway...AND THEN SOMETHING JUMPS OUT AND MAKES YOU SCREAM sort of "horror."
In my personal opinion, if one was to do an Cthulhu movie correctly, they'd have to do what was done with the Lord of the Rings movies: get some actors who can actually act (which seems to be a growing rarity these days) and have them and the crew--from the guys sweeping the floor all the way up to the executive producers--read the entire body of works from start to finish. The actors and director would have to risk going through "Heath Ledger Syndrome," because the only way to convincingly create, direct, and act insane is (in my opinion, again) to become borderline insane.
And a huge budget wouldn't hurt either.