Just watched the trailer. It certainly looks interesting.
James Cameron has done some great stuff. But when looking at any director's past work, I like to start at the most recent and go back. Titanic also looked very good. In certain parts of the film he did manage to convey the humanity involved and what was happening to them. However, the bulk of the story was poorly acted cliche crap (Oscar or not).
While watching this trailer, I got the feeling we would have a Titanic experience cranked up to 11. Technically, an amazing movie, but a story that is crap. We shall see.
-KeithP