I know plenty of 'geeks', myself included, who hate [i]the way CGI is sometimes (ab)used[/i], but not CGI itself, not across the board. There is a key difference there that should not be oversimplified.
In almost any context, there is room for appreciable value in both the high-tech approach as well as the raw, "old school" approach(es). It's great that C is reviving old approaches. There's been a general retro lean lately, but still plenty of room.
The more I spend time watching older films, the more I'm saddened by the eventuality that I am going to exhaust the cache of (decent) films that do certain things which are unlikely to be repeated in quite the same way (e.g. Lean's epics). So, things like this are a welcome sight, even if they rarely have the same feel when produced now as they did 30-100 years ago (which is also okay, because they have their own, unique feel instead; something new to bring to the table).