I think I saw another trailer for that movie before. It's yet another take on Shadow Over Innsmouth but using homosexuality as a metaphor.
I really wish there was some big budget Lovecraft movie. Guillermo del Toro was slated to tackle At the Mountains of Madness, but it's no longer on his IMDb page.
Quote:
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Director Guillermo del Toro has written a screenplay based on Lovecraft's story, but in 2006 had trouble getting Warner Bros. to finance the project. Wrote Del Toro, "The studio is very nervous about the cost and it not having a love story or a happy ending, but it's impossible to do either in the Lovecraft universe."
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Heard about only a year ago though...I thought it was actually going to happen.
At least he stuck in some Elder Things in Hellboy 2.