Last week the teaser trailer for Jon Favreau’s upcoming film Cowboys & Aliens debuted to a slew of ecstatic fans. Seeing Daniel Craig wear a cowboy hat, tight pants, and a vest was just the tip of the iceberg. The film is a hybrid. It has old school western elements as well as some futuristic sci-fi elements, just check out the heavy duty bracelet Craig’s character wears in the film. To get you up to speed, Favreau gave his personal commentary on the trailer in a new video courtesy of  MTV and it’s pretty interesting to hear his take on the whole thing. Check it out…

Cowboys & Aliens center on outer-space creatures who land in Arizona circa the mid-19th century intent on enslaving the local population — until a group of cowboys and Apache Indians fight back. Craig will play Zeke Jackson, the revolt leader and a very talented gunman. The cast of the film also includes Harrison Ford, Olivia Wilde, Noah Ringer, Sam Rockwell, Paul Dano, Adam Beach, and Abigail Spencer.

Cowboys & Aliens debuts in theaters nationwide on July 29, 2011.

What do you think of Favreau’s insight into the trailer? Are you excited to see the film?