I am a fan of classic Horror films - Frankenstein(Karloff), Dracula(Lugosi), Chaney Jr.(The Wolf Man) etc.
If I were making this new version, I would go the "stylistic" approach. Black & White or something in the ball park of 300.

Release Date: February 13, 2009
Studio: Universal Pictures
Director: Joe Johnston
Screenwriter: Andrew Kevin Walker
Cast: Benicio Del Toro, Anthony Hopkins, Emily Blunt, Hugo Weaving
Genre: Horror
Plot Summary: Based on the 1941 original that starred Lon Chaney Jr., the new film will be set in Victorian England. Del Toro will play a man who returns from America to his ancestral homeland, gets bitten by a werewolf and begins a hairy moonlight existence. FX maestro Rick Baker is on lycanthrope duties bringing "The Wolfman" to life.