It's not often that we post news anymore, but I got a hold of the trailer and uploaded it to VFHvideo, so... why not, right?
Yes, LittleBigPlanet 2. I would have never thought that a game with so many updates and frequent user-generated and other downloadable content would get a proper sequel, but it looks like it's happening, and it surprisingly looks awesome without looking like more of what I've already payed to play for the last year and a half. And even better, it looks like any of your content, including created levels, will transfer over to the new game, which is a really nice touch.
I'm sure we'll hear and see more of LBP2 at this year's E3.