I for one love the handheld cameras. But they only seem to work with war movies where the action is laid down fast and thick i.e. Saving Private Ryan and Black Hawk Down. Added that extra dimension that gets the blood pumping. I don't think it would work for War of the Worlds.
Anyway, I've heard nothing but bad things about this movie. Enough plotholes to make a schoolkid cry. I'm waiting for the other 3 movies to come out. The true-to-the-book version looks quite tasty. Set in Victorian England. The HG Wells CGI version should be stunning, I've grown up listening to the musical. And there's the straight to video US modern day version that didn't get Tom Cruise but got most of the cast from Starship Troopers.
Also, there's plans in the works for creating sequels to the original HG Wells book. Yes, they're going to go ahead and butcher a classic. It's going to be set after the events of the war between the then world superpower, Great Britain and her Royal Empire and the Martians. This means that those cunning victorian scientists will have reversed engineered the captured martian technology and use it to maintain and expand the Empire. Ker-ra-zy.
Then there's also the comic book planned. The world has gone WotW mad.