I've been trying lots of the new Lovecraft inspired anthologies over the last year, having been a Lovecraft fan for more than 25 years, and have just finished this most recent.
Now unlike the majority of the Lovecraft fan world, I think R.M. Price is hugely over-rated. Yes he knows Lovecraft, and literature but he is pompous, self-absorbed and a turgid writer. As editor of by far the worst of the Lovecraft anthologies, The Tsatoggua Cycle, he made me know fear; fear of Lovecraft pastiche and his overblown literary criticism. But I loved his reading of The Dunwich Horror, and based on positive reviews of this book I tried it, and am deeply sorry I've wasted my time on it.
While at least it stays away from the Clarke Ashton Smith type of fantastical imitations, I ploughed through exactly half the book before I came on something good in The Keeper of Dark Point, by John Glasby. By good, unfortunately I mean in comparison to the drivel before it. So many of the stories here finish with the dreaded <last line of horror in italics> that you realize just how poor Price's editorial skills are. (Not to mention his writing in his own story). There are average stories, bad stories, awful stories, attempts to do something different that completely fail ( Richard Lupoff's Lights! Camera! Shub-Niggurath! great title, unbelievingly long and unfunny lead-in)and by my count 2 out of 25 very good stories, Thomas Ligotti's Vastarien and David Kaufman's The Church at Garlock's Bend.
Skip this, save your money. "Cthulhu 2000" is the best of the Lovecraftian anthologies with "The New Mythos Circle", "Shadows Over Baker Street" * "Shadows Over Innsmouth" seems ok so far but I've read little of it yet.
Go back and buy the new Penguin releases of Lovecraft with editorial by ST Joshi, a better editor and writer.