Certain film blogs are abuzz with reports that a mysterious teaser trailer for a movie called Cloverfield was shown before some press screenings of Transformers [0]. Apparently the trailer showed a bunch of teens partying and an explosion followed by the Statue of Liberty head falling into the street and then the release date comes up on the screen: January 18, 2008. Filmed all shaky handheld camera-style, it's rumored to be a kind of monster movie [1], or as Cinematical posits, "basically The Blair Witch Project meets the Godzilla remake."

Yet, details are sketchy and even the title is shrouded in secrecy, with many people believing Cloverfield to be a fake title [2]. Firstly, there was the speculation that this project is actually Stephen King's Dark Tower [2] movie that J.J. Abrams is working on, rumored to be operating under the title Cloverfield, but that was quickly denied by King's people. Now Ain'tItCool is claiming to know a few facts [3] about the movie: Matt Reeves, former writer on "Felicity" and writer/director of The Pallbearer [4] is directing, while J.J. Abrams' own production company, Bad Robot is helping to produce.
Also, one of the movie's writers (Drew Godard) has collaborated with Abrams on "Lost," [4] leading to this highly intriguing speculation which I think would be pretty damn cool: Perhaps the movie will be some kind of companion piece to "Lost." January 18 is around when the next season of "Lost" is starting up... Just saying.