Don't get too excited Lovecraft/Del Toro fans! It's far more likely that Guillermo Del Toro's sequel to Pacific Rim will be on the schedule first. However, now that Del Toro has found a home with Legendary Pictures when it comes to monster movies, it looks like his long... long... LONG awaited adaptation of H.P. Lovecraft's At the Mountains of Madness may finally be in the works.
But again, don't get too excited. Because of a budget that is likely to quickly balloon with both practical and CGI effects, there is a good chance Del Toro will have to make a PG-13 version of the film. He doesn't seem too concerned though:
I think that now, with the way I’ve seen PG-13 become more and more flexible, I think I could do it PG-13 now, so I’m going to explore it with [Legendary], to be as horrifying as I can, but to not be quite as graphic.
If anyone can pull off a beautiful horror film within the confines of a PG-13 rating, it's Guillermo Del Toro. Is it worth taking a cut film and then waiting out the "director's cut" just to see At the Mountains of Madness finally made? I think I will be remaining neutral until this one is officially classified as in pre-production, because I'm burned out on getting my hopes up.