According to this SF Scope story, Ron Howard will direct a movie based on a graphic novel series on H.P. Lovecraft's life. The H.P. Lovecraft of the novel series sounds like a character that H.P. Lovecraft would have created. (No great surprise, of course.) Ron Howard: that's got to be a good sign. I'll go see it. The graphic novel series is entitled, The Strange Adventures of H.P. Lovecraft.

Here is a small gallery of pictures from the graphic novel series web site. Their cleverly named Yog Bloggoth blog gives the details of the Universal and Imagine Entertainment deal.