A leaked trailer shows that Capcom is readying a new entry in its Lost Planet series. The Lost Planet 3 trailer shows a frozen tundra, reminiscent of the the earlier game's settings.

The CGI heavy trailer, however, shows more snow, more bugs, and more giant mechas—and more giant mechas fighting giant bugs.

The game is headed to the PS3 and Xbox 360. According to the trailer, Lost Planet 3 is being developed by Spark Unlimited, the studio behind shooters Legendary and Turning Point: Fall of Liberty.

More details are expected shortly.