Lovecraft is hard to adapt to the screen. The wonderfully nihilistic elements in his stories send big studios and audiences who want a nice feel-good or life-affirming pictures screaming in terror. I think del Toro has the right ideas:
|With MOUNTAINS OF MADNESS we're doing the best to give you the sense of the Lovecraft mythology and if it doesn't work, if the studios don't see it, we will not do it. We will not do an alternate. I will not change that. We're doing it 'period' because I think the worst thing you can do to Lovecraft is set it in the present day. The whole thing takes place exactly in the time of the expedition with the people in the expedition and we're doing it faithful to the book.|
I can hardly believe my eyes - a Lovecraft adaptation set in the proper time!?! I feel faint.
Of course, the studios won't like it so we'll probably never see it. But damn, wouldn't it be nice?