You know I haven't really been paying attention to this property lately. So, my first reaction was, when the hell did Square Enix aquire the rights to the franchise.
The trailer looks very pretty, but I just don't think it will have the feel of the first one. Yes the first game had some pretty high story concepts for its time, but it was the open ended gameplay that truly made it memorable.
I don't want to judge square enix too quickly, but lately they have been tending towards much more linear gameplay mechanics. If that trend continues, this game will never capture the feeling of the first one. Still, I would like to see some actual gameplay footage instead of Prerendered CGI.