*shudders*
The cinematic nutpunch that was The Time Machine aside, the works of HG Wells are largely untaped in Hollywood today. Considering that there's only been one film based on the book in the 100+ years since its publication, its not like we've been inundated with WotW sequels. As long as they kept the setting in the 19th century (mostly to avoid similarities to ID4) I think this could work. I'd love to see some Victorian inspired war machines wreaking havok. Plus Spielberg is attached, so IMO that's an indisputable plus.