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Site: moviesblog.mtv.com
Article: Comic-Con: J.J. Abrams Speaks, “We Need Our Own Godzilla”

“Do you think we’d call it ‘Monstrous’?” J.J. Abrams teased the Comic-Con crowd Thursday. “No.”

Abrams wouldn’t cough up the real title of his mysterious January flick, but he did give his own explanation of the movie, remembering a recent trip to Japan. “We need our own Godzilla.”

Constantly referring to the project as “This movie”, Abrams showed the now-famous teaser, promised that a title would be forthcoming, and unveiled a new poster with a headless Statue of Liberty to the Con masses.
Site: shocktillyoudrop.com
Article: Comic-Con '07: 1-18-08
Source: Ryan Rotten

J.J. Abrams spoke to an enthusiastic crowd at the San Diego Comic-Con this afternoon about 1-18-08. His stay on stage was brief, but here's what Abrams says...- He's not revealing the title just yet. We've still got to wait...patiently.- "I want a monster movie," says Abrams. He said he's wanted to do one for a long time and was inspired by a recent trip to Japan with his son. He wants something "insane" and it's almost done shooting.- He thinks America should have their own monster and the dailies are looking great.
Site: firstshowing.net
Article: Comic-Con Live: Paramount Panel - Star Trek, Indiana Jones IV, and More…

Cloverfield / 1-18-08:

2:22 - The original trailer in front of Transformers for Cloverfield / 1-18-08 debuts. JJ Abrams heads to the stage. His very quick statement on the film (as he'll be back for Star Trek XI):

“I want a monster movie, I've wanted one for so long. I was in Japan with my son and all he wanted to do is go to toy stores. And we saw all these Godzilla toys, and I thought, we need our own monster, and not King Kong, King Kong's adorable. I wanted something that was just insane and intense. It's almost done shooting and I watch dailies and I'm more excited for them than the trailer, which has had an overwhelming response. We have 6 months before this comes out. We're going to have a whole bunch of things, a whole bunch more." He said a full trailer, more clips, full posters, and much more will be coming out over the next 6 monts, including the name, which he will NOT reveal today.

“You think we'd call it Monstrous? No…"

So, the film is NOT a Godzilla movie, it is an original monster movie, and it is NOT called Monstrous!
Via: cloverfieldparasite

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JJ Abrams at Comic-Con