I'm sorry folks, but this looks like it's made for the Sci-Fi channel, not for a wide theatrical release.
The CG-created world and creatures all look like first or second drafts; I'm not buying Will Smith's fatherly scowl; and I'm not quite sure what to make of Jaden Smith in all this.
One bright spot was seeing Sophie Okonedo for the first time. She hasn't appeared in any previous marketing materials. Although she's in this new trailer for a couple of seconds or so.
No sign yet of Zoe Kravitz, who plays sister to Jaden, and daughter to Will and Sophie.
And lastly, I think it's hilarious that nowhere in the trailer is it prominently stated that M. Night Shyamalan is the director, which I'd say is unprecedented for an M. Night Shyamalan-directed film. In trailers for previous M. Night films, his name always got its own individual card.
Needless to say, his reputation has taken a bit of a hit, since his last 3 or 4 films have been duds. His one-trick road show isn't fooling anyone anymore. But I have to wonder how this must feel for him; specifically, the decision (likely made by the studio and/or Will Smith) that his name wouldn't appear in the trailer for After Earth. I'd like to have been a fly on the wall during that conversation.
Granted, this isn't an M. Night Shyamalan joint proper; he's pretty much working as a director-for-hire here, with Will & Jaden as the names that'll carry the movie. Not Shyamalan.
But still, it's not like he's some no-name, up-and-coming director.
Anyway, After Earth opens June 7th, this summer.
Here's trailer #2: