Six months after the Nilfgaardian invasion, things aren't looking too good for the Northern Kingdoms.
I'm just going to come right out and say it: This is not the best trailer I've ever seen. Not by a long shot. Which is kind of sad in a way, because I can't think of any game I'm looking forward to more than The Witcher 3, but it shows very little that we haven't already seen and the "gameplay" consists entirely of following Geralt around as he walks, rides and sails through various environs. It's pretty, to be sure, but not terribly exciting.
On the other hand, how much more excited can we get? It's The Witcher, after all, and in case you've forgotten, Wild Hunt is "the last part of the legend," a pretty big thing for one of the most epic RPG franchises of all time. And it's not as if the fan base isn't already locked into it; you could post a four-second blurb of some guy with a Polish accent yelling "Witcher 3 2014 Wooo!" and most of them would sit up and applaud. (I know I would.)
One other point of note: It has been clarified by those in the know that this is not the trailer that will be revealed during the VGX awards, so you'll still have to watch that if you want to see what they've got up their sleeves. Or, you know, wait until the next day.
The Witcher 3: Wild Hunt comes out in 2014 for the Xbox One, PlayStation 4 and PC.
UPDATE: As many of you have pointed out, this is not actually new: The trailer debuted back in June during E3. Sony did release it today on the PlayStation YouTube channel as the "debut gameplay trailer," however, with its branding added and all others removed, and that, coupled with the fact that I somehow missed it the first time around, led to the mixup. Apologies for the confusion - but since it's The Witcher, and there may be others who missed it the first time around, I'm going to leave it here anyway.