John August Rewriting Strange Adventures of H.P. Lovecraft?

Empire found some tidbits that could see John August rewriting the comic adaptation of The Strange Adventures of H.P. Lovecraft. August is best known for working with Tim Burton on Big Fish, Charlie & The Chocolate Factory, Corpse Bride and Frankenweenie. Ron Howard voiced his intentions on directing the film but seems busy with a budding Dark Tower trilogy. I'd rather see someone more based in the world of science fiction or horror take on the film.

Lovecraft is to horror what Philip K. Dick is science fiction or Tolkien to fantasy and it's shocking that Hollywood hasn't mined more of his classic tales. Of course Guillermo del Toro's gestating At The Mountains of Madness could help expose the author to mainstream audiences.

If Jon Favreau wasn't going to make Magic Kingdom I'd love to see him take on a horror project. Of course my favorite to direct this would be Matt Reeves (Let Me In, Cloverfield). With August's possible involvement I wouldn't rule out Tim Burton directing.