True, there are few actors or directors with the background that Hammer's regular "stable of stars" had. Christopher Lee has expressed interest in doing a remake of THE DEVIL RIDES OUT, but points out that while he was younger than the character should have been at the time the original was made, he would now be older than the character should be (when compared to the novel). Over the years, Martin Scorsese and Steven Spielberg have both expressed interest in directing for the "new" Hammer, when talk of the studio going back into production comes up. (I think Spielberg was interested in remaking either one of the Quatermass movies, or X THE UNKNOWN...I forget now which title he mentioned, but it was one of Hammer's earlier B&W sci-fi films.) While I admire both directors, I don't think they are necessarily suited for Hammer. (However, no matter who is at the helm, a new incarnation of the studio would probably produce product with an entirely different feel to it. While I know the quality craftsmanship of the British cinema would still be there, the atmosphere and texture of that were so much a part of the originals would be impossible to recreate; those were films born of a particular time.)
As you pointed out, these films were cheaply made, but many look better than some of their bigger-budgeted contemporaries (or even some newer films). I just watched SHE the other day and was struck by how lavish it still appeared, especially when seen in the letterboxed format. It may have not had the budget of a DeMille production, but the filmmakers were able to create a convincing sense of scale without the benefit of CGI sets. And in spite of the speed with which many of these films were put together, there was usually a strong sense of story structure and pacing that propelled their plots along with few wasted frames of film. There was no room for egos on either side of the lens, unlike the current hedonism of the Hollywood film factory today, where "primping," "pampering" and "posing" often overshadow professionalism. The whole filmmaking mentality has changed over the years; back then, the emphasis was on making MOVIES, not multi-merchandise deals to sell cereal and action figures.
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