Champions Online, the latest MMORPG from Cryptic Studios was announced back at GDC in February, but until now we didn't really know much about the game other than it's based in a comic book style setting, and is presumably heavily influenced by NCsoft's City of Heroes. This trailer clears things up a little bit though. In a rare move for a debut trailer, you'll actually get a sneak peek at some gameplay. It's not much, but it's a nice alternative to the industry standard thirty seconds of CG that really don't have anything to do with anything (e.g. Fallout 3, Gears of War 2).
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In case you were wondering, Black Mesa very own Carlos Monterio works on this game.