Microsoft has announced today that the exclusive unveiling of Capcom's Lost Planet 2 has hit Xbox Live. The video clocks in at seven minutes long and is available in English and Japanese. Also included is a video intro by “Lost Planet 2” producer, Jun Takeuchi and a Q&A with the game’s director Kenji Oguro.

More after the jump.

From the press release:

The sequel to  the blockbuster “Lost Planet: Extreme Condition,” which debuted on Xbox 360 two years ago, takes place on the planet E.D.N. III 10 years after the conclusion of the original title. During that time a massive climate change has taken place which has melted the snow and created brand-new environments, including a new lush jungle setting which gamers will get their first glimpse of in the new trailer. The gameplay of “Lost Planet 2” has evolved in a new unique experience that allows players to control various groups of Snow Pirates giving them a variety of different perspectives throughout the journey.  The developers also felt it was important to listen to the fans and Capcom is proud to announce that a new type of co-op mode will be implemented into the game.  

The video is made almost entirely from real in-game footage, giving Xbox 360 owners and “Lost Planet” aficionados around the world plenty to be excited about from the next installment of the hit franchise.