"Yes indeed, it appears as though that long-talked-about sequel to the secretive Abrams-produced 2008 film Cloverfield is not only happening, it’s already in the can." [more inside]
Further proof (as if you needed it) that some people have too much time on their hands: someone has taken full advantage of the many tools available on Google Maps to create a map of the events in Cloverfield. The narrative at each point is stonerific.
It's just a teaser trailer for a monster movie, but people (geeks) are going crazy trying to figure out what it's about. It may or may not have some ambiguous viral marketing associated with it (previously). Some think it's Cthulhu come to destroy New York, some think it's Voltron. Other less sensible people think it's a lion. It is definitely not a lion.