It would. The two films could serve as examples of the changing views on aliens and alien encounters. In the 50s, it was all about flying saucers and alien invasions. The aliens in It, though peaceful, still had a kind of horror about them. When they abduct humans, it's a frightening experience. The aliens in Close Encounters still abduct people, but it's less frightening, and they seem friendly when you finally see them. They're more fascinating than frightening.

Quote of the month
" Age is something that doesn't matter, unless you are a cheese."- unknown