Not much has been revealed about the movie Cloverfield. Other then it was shown as a trailer during the Transformers release in the States.

A lot of people are saying its a new Godzilla movie. But i disagree due to the fact that if this was a Godzilla movie why in the hell would you call it Cloverfield and the font they have used for the Cloverfield title is more suited to a supernatural/Sci-Fi action thriller. Over at AICN, They are saying the thing that causes the explosion is a thing called 'The Parasites'

From what i saw in the trailer this movie looks sweet and has got me salivating wanting to know more. I can say now that JJ Abrams is one of greatest masters of deception or they got some slick production/marketing crew behind this movie.

So check it out before it gets taken down.