I prefer if it was set during the same era as the novel.
Same here, but it seems they just never want to do that. The idea that people won't go see a period piece is just idiotic.
I'm still hanging for faithful versions of
The Invisible Man and
War of the Worlds. (The only faithful one is a super-low-budget POS.)
Sadly, it's legally impossible for Paramount or any major studio to do a
War of the Worlds set in the original 1901 England setting. Jeff Wayne, the guy behind the 1976
WotW rock musical, tied up the international rights in such a way that any big-budget film version has to be approved by him first...and he will not permit any period-set movie that isn't an adaptation of his musical. Kenneth Branagh, Tom Cruise, and the Hallmark Channel all found this out the hard way when they tried to make a period adaptation at varying times from 1994-2003.
Hellboy screenwriter Peter Briggs had written a script set in the original time period that all three parties were circling, and every time they made a move, Wayne shot them down. (Some of Briggs' interviews on the subject can still be found floating about the Internet.) The Spielberg/Cruise film was the result of a deal struck between Paramount and Wayne: in exchange for him relaxing his hold over the rights to allow Paramount global distribution, they had to make a contemporary movie and let him have the period setting to himself.
Mind you, Wayne hasn't been in too much of a hurry to actually make a movie of his musical (which I personally think sucks). He made some noise about making a CGI animated film for release in 2007, but instead he just rerecorded his musical with new actors (Liam Neeson replacing Richard Burton), a stage show touring Europe, and an album of remixes. I do recall reading in magazines at the time of the Spielberg movie (it may have been
Cinefex) that Wayne even owns the rights to the "The" in the book's title and bragged that he'd like to carve it on his tombstone as a sign of ownership. So until or unless Wayne's ownership finally expires, you're not going to see any major studio do a period version of the story. The only reason Pendragon's Z-grade version squeaked by was because (a) it was never going to have mass distribution and (b) its Z-grade status guaranteed it posed no threat to Wayne's monopoly, as opposed to what Paramount and the Hallmark Channel would have done.
Disappointing? Yes. But it can't be helped.