My first thought was "Who got Condemned in my Mortal Kombat?"
It seems that it's been confirmed that this is for real...
http://chud.com/articles/articles/23984/1/IS-THIS-VIDEO-FOR-THE-NEW-MORTAL-KOMBAT-MOVIE/Page1.html
To be honest, I've been a fan of MK back in one and two, three made me start not care with the whole 'dial a combo' game play and the moves to 3D didn't make it much better to me. I did like MK vs DC, but with almost no one around me that wants to play it and I not thinking much of online since it just feels the same as playing a computer, just with more time between matches, I didn't get a lot of play on it.
As for the first movie, I thought it was as perfect as you can get with the source material. If I remember right, the first game was set up as a mystical Enter the Dragon, I even remember something about a big celebrity was supposed to be in it (I think Van Damn, but could be wrong). Well, this turned it back into that, used the set up mythology and did something that was important in anything like this, kept it simple. That's where the problems started with the second movie.... though the problem list for that would take forever.
So now we are here, 15 years later, all the things that made MK a big deal back in the day are rather common. While I didn't play the games, I did fallow the stories and I do honestly think they stretched what they can do with the base story they started with the first after 3, tacking on more and more like it was The Land Before Time or something (Though not as badly as that.. just an extreme example). This is why they need to start out fresh, one way is to relook at it.
First off, they badly need to cull the heard, much like Sonic the Hedgehog, there's way too much of a supporting cast (especially if you want to make a movie), even the games have had several that are just bloated as hell as notable by the pallet swap Ninjas.
Next there's the lack of mystical elements in the trailer, I don't think it means that they are completely out, hell, who says Outworld is out. All we see is in this incarnation is that the government at least knows that the tournament is going on and that some nut jobs are going to be in it they would rather not see come back. They don't seem to know (or don't say) what this Scorpion is in for, just that Subzero is going to be there.
Well, I think I'm rambling now, I'll keep an eye on this and hope for the best, at least they seem to have decided to get away from the "we still want to get kids out to see it" vibe that got us the animated toon and took things away from what the game's story was far more then this clip did.