Yeah Lovecraft works. This year will see Universal Monsters 3 released this summer. After that, Peter Stormare will hang up his fangs and that'll open up more room for the Lovecraft stuff.
I'll put together a list on a later update.
For Daredevil, I was hoping for someone other than Ben Affleck, unless he was the right choice for that part IOTL. One thing for sure is there will be someone other than Jennifer Garner as Elektra.
For all his issues Lovecraft was a master of his craft. This would be just the thing to bring some genuine horror into this fault action-dominated franchise. I can provide more suggestions when the time comes.
Both Matt Damon and Guy Pierce were up the role of Daredevil. Jessica Alba, Jeri Ryan, and Kate Winslet are potential choices for Elektra. Naturally Kingpin is going to be Michael Clarke Duncan, but Colin Farrell was pretty good as Bullseye.