Ron Howard to make Lovecraft Movie?

I am sure by now you have seen splashed on the pages of Variety and echoed in most blogs and news sites that there is a chance that the graphic novel "The Strange Adventures of H.P. Lovecraft" may be made into a movie.

So I ask the lurkers... what do you think? Will Ron beat del Toro to the punch and be the first to make a major Hollywood Lovecraft based production?

Having gone to ComicCon for the last 4 years I wasn't sure if they were ever going to finish the graphic novel. So hats off.

Here is a link to an interview with the graphic novel creators on MTV: MTV Interview/Preview