This weekend is the H.P. Lovecraft Film Festival & CthulhuCon at the Hollywood Theatre in Portland, Oregon.
Some of the films being shown include It's In the Blood with Lance Henriksen:
...and The Whisperer in the Darkness, based on a classic Lovecraft short story:
You can watch the trailers here.
Another promising Lovecraft-inspired movie is Transcendent, written and directed by Mars, the founder of Dead House Music. It should be finished in time to screen at the next H.P. Lovecraft Film Festival being held in Los Angeles in October. More info at Dread Central.