I can't say enough about this trailer. It was very well made and produced.
My hype level is low only because I dislike Third Person Shooters. I do however recognize the awesomeness of this game and series as a whole. I'm 100% sure ill be rolling with shotguns online somewhere!
As far as Gears in general, I love the story and characters...If only they could make a movie out of it. I heard they're working on one! But I dont have high hopes that it will be any good.