Cthulhu looks terrible, Lenny. I watched the trailer maybe a year ago, and it just looks kinda dull.

Cloverfield looks fucking amazing, and I would DIE if it turned out to be a Cthulhu movie, but the chances of that are just about zero. Nobody wants to make a Lovecraft film, and most of the fanbase doesn't want to see a Lovecraft film.

The reason is inherent in the very nature of his stories. If the things he writes about are so unimaginable, so groutesque, so weird and irrational, how do you re-create them in a visual medium and do them justice? Cthulhu himself is supposed to be capable of driving men insane just because of the way he looks. That would take a superhuman feat of visual creative genius, to concieve and reproduce the inconcievable. That's like inventing a color nobody's seen before.

In other words, a movie would be hard-pressed to ever truly do Cthulhu justice. Sure, you could stick a colossal, squid-faced, dragon-winged monstrosity into your movie, but it would always be just a little bit less grand and horrible than any given Lovecraft fan has imagined.