The British actor revealed to his Cowboys & Aliens director Jon Favreau that he believes reuniting with Road to Perdition director Sam Mendes will result in a "classic" 007 movie.
Craig said: "I think it's a great choice because Sam has a fervour and energy to really direct a Bond movie with a capital B.
"He'll feet-first run himself into it, [he's] read every book and just soaked up everything about it. I read the script the other day and I'm more excited about this than I was about Casino because we've kind of got a classic Bond movie plus lots of other things."
Asked if a "classic" Bond meant a return for Q, Craig suggested that the new movie would continue to be light on gadgets.
"Trying to find something that's new and interesting is really difficult... Mostly, the technology is in the public arena now or some type of it," he commented.
Craig's third outing as James Bond, following on from Casino Royale and Quantum of Solace, will be released on October 26, 2012.
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Watch Daniel Craig discuss James Bond with Jon Favreau below: