Started off with the familiar TGS07 footage of the dragon-like flying creature swooping down over a stream, camera moves up to Sera (formerly Nom-chan). Camera pans and shows the world in the distance.
Changes to the airship we've seen previously. This thing is huge and small airships that resemble fish (green beams the top and bottom that are shaped like the spine in fins). The mother airship sends out green circle markers in which the airships fly through, into a docking station and slowly move to the end of the dock which takes them below.
Camera changes to another airship, this is all new footage and a new location. out of the airship a man? with a pony tail walks out, seems to be some kind of general or a leader of some organisation. We see some soldiers that we've seen in the in-game screen shots released recently, they look a bit like the Helghast from Killzone but a little more organised and scary. They're carrying a casket towards the airship with the general, looks like a black cocoon but at the end is Sera. She has a very royal-esque outfit (I feel that she may be related to royalty or something, I'll elaborate below.) She's walking with them and looks kind of melancholy. At the foot of the unit carrying the casket is the woman with the large breasts, glasses and knee-length hair.
Changes scene to a new location we seen in pictures long ago. There's a large creature or statue in the midst of a green-ish underground location. The special soldiers are surrounding the creature and the city in the background is burning, smoke is coming out of the buildings. The soldiers fire pipes or some other thing into the creature and soon after there's a thousand odd 'pipes' impaled in this thing.
Change scene: We see a beach like location, airships and carriers fly overhead, the camera is in a birds eye position and one of the airships drops 2 objects. As they fall they explode into smaller creatures(?). Camera moves to ground level and there are the clone wars lookalike soldiers running out of the small army barracks like place they have there. 2 futuristic ground vehicles arrive and the camera once again shifts to old footage.
Shortly we hear Lightnings voice. It's not a cutscene but quite a few scenes flashing in out, we see Lightning walking through the ruins with Sera and then again at the frozen location. They're being assaulted by the special soldiers. We see some fancy combat and sword transformation from Lightning and she flips back to defend. We see Mr.33CM talk with lipsync here and the trailer ends.
Dialogue (not 100%)
Lightning: 'Carry out the mission' is what you said. You want to abandon it? What about 'your' mission?
Mr. 33cm: That's not it! I'll protect Sera and carry out the mission. That's a promise.
Lightning: Show me you can 'protect'.