I'm not really sure how well that trailer/pitch/whatever holds up beyond the initial novelty. I mean, I had as much of the "Yay, it's Reptile! Yay, it's Baraka! YAY, IT'S SCORPION!" reaction as I'm sure anyone who grew up with Mortal Kombat did, but once that wears off, what has it got going for it?
If they actually set up the plot like that then I can't see how it'd be anything other than 90 minutes of dudes beating the shit out of each other. Again. And that would be fine if the fight scenes were particularly impressive, but I wasn't really blown away by the one they showed.
As for the game, it's nice to see that they've come to their senses after that "Kustom Fatality" travesty, but aside from that I'm not holding my breath. Fighting system just looks like a bunch of same old, but with one fewer plane to move in. And a gimmick for the dial-a-combos. And it doesn't give me much hope that Kung Lao's fatality, as cool as it was, has just been recycled from Shaolin Monks.