J.J. Abrams and Steven Spielberg have been rumored to be working on a project together for a while now, and some details have finally emerged. Called Super 8, it is penned in for a Summer 2011 release through Paramount, with both Spielberg and Abrams producing along with Bad Robot partner Bryan Burk for something estimated in the $45 – $50 million range.

In a smart marketing move to tap into the young male demo, a trailer for the project will be attached to Iron Man 2, debuting this weekend. The 90-second spot is described as masterfully creepy and is not shot in a hand-held Cloverfield fashion though it apparently focuses on some kids filming something sinister with a Super 8 camera.  Any other plot details are being kept under wraps, as the production team is letting the trailer speak for itself.

Source: The Hollywood Reporter