Since part of the Transformers thread has now derailed into a semi-discussion on the yet-unnamed J.J. Abrams Project trailer (with the working project name of Cloverfield) I figured it deserved it's own discussion thread. For those unfamiliar with it, the preview, which is shown in a kind of "Blair Witch" handcam-style, shows a group of people partying and then all hell breaks loose. They run to the outside, where they see a series of explosions. Not much more is known about the movie other than that. Seems like it will be good though.

While Wikipedia can sometimes be off the mark, it seems like a good compilation of info on the Cloverfield project:
http://en.wikipedia.org/wiki/Cloverfield