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 mechasā€”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.