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Earlier this evening the first trailer for the Wachowskis’ Speed Racer made its debut on Entertainment Tonight. And as we watched it, a colleague of mine described it as “The Matrix with fucking cars and shit!” After watching it myself for the first time, my reaction was more along the lines of “this looks like an weird acid trip.” The film uses a very stylish backdrop to bring the Japanese cartoon to life, creating a world that is certainly a great mix between Anime and — well, The Matrix. And while it is hard to say whether the film will be great after only one trailer, it is easy to see how some will be getting excited about this one.

Also, this is our first look at the new camera system that the Wachowskis are using. It is a revolutionary technology that allows for full-focus, whereas the foreground and background are simultaneously in focus. You can read more about that in this article over at FirstShowing.net. You can have a look at the trailer below, or view the high definition version over at AOL Moviefone.

Speed Racer hits theaters on May 30, 2008.