I was introduced to Lovecraft after watching "Re-Animator" based upon his story "Herbet West, Re-animator" and agree Gordon and Yuzna have done an amazing job with his work. I haven't seen "Dagon" yet, but have heard great things about it will have to add it to my NetFlix list
Wasn't John Carpenter attached to a "Shadow Over Innsmouth" project at one time? I seem to remember preliminary creature FX sketeches in Fangoria magazine several years ago.