JJ Abrams' Cloverfield: Watch the First 5 Minutes

Not a moment too soon, here it is: The five minute extended trailer from one of our most anticipated films of '08, JJ Abrams' Cloverfield.

The synopsis:

Five young New Yorkers throw their friend a going-away party the night that a monster the size of a skyscraper descends upon the city. Told from the point of view of their video camera, the film is a document of their attempt to survive the most surreal, horrifying event of their lives.

And when the movie hits theaters January 18th, show up early for an exclusive trailer of Abrams' next theatrical release, the next Star Trek, set for Christmastime '08.