We gave this new trailer for Little Big Planeta hard time during last night's VGA liveblog, only because it seems like a really bad way to introduce the game to mainstream audiences. The game's premise (what little we know of it) is pretty complicated, so it might have been smarter to feature a trailer that included a little more explanation, just so Johnny Halofan could get the concept.
That said, if you're already familiar with the game, the new trailer is a confirmed magical treat. Not only is it full of whimsy (a plus) but we're also finally given some idea of the extent to which LBP can be used to generate pirate-related scenarios, the true watermark for all entertainment software. The answer seems to be a resounding "Win ho!"