This is the debut trailer from 505 Games. The title is named Sniper Elite V2, and you guessed it, its about sniping.
Sniper Elite V2 is a sequal to the original Sniper Elite and the games have some interesting features. When you watch the video you will notice a nice slow-mo sequence after you perform a headshot. There is almost nothing really known about the title except that it is a sequel to first Sniper Elite with a tentative release date of 2012. Rebellion and 505 Games are also tied to the game as well, but the trailer will have you waiting for more. Sniper Elite V2 is set to be released for the Xbox 360 and Playstation 3 as of now.