I love that this is set in the 70s. Some of the scenes felt like they were lifted from Close Encounters.
I got an E.T vibe from it ..but that's what there going for, they said the film is meant to be a homage to film's from that era such as from Close Encounters,E.T and Stand by me to name a few, o and the song playing in the trailer is from coocon.
So it would be unfair for someone to say this is an just another cloverfield, they both have a monster and the same director..but that is all they have in common.