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1) Movie's name is not Cloverfield - that's just a "cover name" to avoid attention while filming.

2) After the 1998 Godzilla, no way in hell Toho's letting another Gaijin near that franchise.

3) Before anyone gets too worked up about seeing the Old Ones, understand that this is supposed to be a relatively low budget affair, mostly shot with hand held cameras by people "at the scene". Think of it as Signs meets Godzilla meets The Blair Witch Project.