My three favorite werewolf movies are (not in any particular order:
1. The Wolfman (2010). This film wasn't successful at the box office, but I really liked it because, quite frankly, I'm not a fan of the Twilight/Underworld style werewolves. The werewolf in this film was achieved primarily by Rick Baker make-up. CGI was used primarily for the lupine-jointed legs and the transformation scenes. It's a visually sumptuous remake of the Lon Chaney Jr classic. The film was directed by Joe Johnston (The Rocketeer, Captain America: The First Avenger) and stars Anthony Hopkins, Benicio Del Toro, Emily Blunt and Hugo Weaving. Before the movie even begins, the film displays a recreation of the same Universal logo used in the original film...
2. An American Werewolf In London (1981). There were two watershed werewolf movies that came out in the early 80s. One was called The Howling and it almost made the list, but it didn't because the overall movie isn't all that great. The other film was An American Werewolf In London and it's in my top three because it is a genre-bending film that wields bathos like a cleaver. You don't know, one moment to the next, if you will be laughing or cringing in horror/terror. Directed by John Landis, this film also features the make-up of a much younger Rick Baker.
3. Bad Moon (1996). A film adaption of the novel "Thor" by Wayne Smith, Bad Moon bombed at the box office. However, the film is unique in that it is basically about a rivalry that forms between a family's dog (Thor) and a werewolf that has staked a territorial claim behind their house. That concept makes the film stand out. The scene where the dog finds the werewolf handcuffed to a tree in the woods is the moment when you realize this movie is different. The film stars Michael Pare and Mariel Hemmingway. The various dogs who played Thor delivered very good performances. The werewolf here is a large bipedal humanoid wolf. It is a physical effect, but there is some rather poor morphing in the film during the film's one transformation scene. (It was acceptable in 1996, but has not aged well.)
Anyone have any favorites of their own?