The trailer confirms earlier rumours of the game's existence.
As far as details go, the trailer reveals a similar look to that of the first game, only now the Bionic Commando has a new game-changing move: the ability to jump. Development duty also appears to be in the hands of Lead and Gold creator fatshark, and not the newly formed Grin spin-off Might and Delight.
The trailer confirms a release on PSN and XBLA. Look out for more info later today.