http://www.echoingthesound.net has a 26 page thread about "The Cloverfield Project" under the Cinema section.

Rumor is that the Ethan Haas sites are for another movie/viral campaign and they don't want it to get mixed up with the JJ.Abrams thing.
Also people are saying its going to be a squidlike monsterthat gets genetically altered?

JJ Abrams was at the International Comic Con in Cali and said that it will be like nothing before.
So no sequels, no godzilla, no stay puft marshmellow man...etc.
=P

Also there are MySpace profiles for all the characters in the "Cloverfield Project". More clues....


"You can't drink just six"

It's rumored that the monster came from the sky thousands of years ago, is sleeping under the sea, looks like an octopus, and eats people. If this isn't Cthulhu, then it's a huge ripoff.