No matter what a Lovecraftian Horror movie would be disappointing though, it would never live up to the standards expected, which is sad really but it's the issue with making anything from Lovecrafts work, it's incredibly hard to come close to the standard that Lovecraft set, especially in a movie.
Sure it's a little easier to do it in games but there are so many games that throw elements of Eldritch horrors and various Lovecraft works into them just because and then don't do them quite right, or miss the point entirely.
Bloodborne is something that I'm quite proud of for pulling off the Eldritch Horror theme quite well.