UPDATE: The trailer will return online tonight (7/23) at 10pm EST where Moviefone will be among only a handful of sites debuting it in full, glorious HD fashion. We'll return at that time and bring it back to you ... so stay tuned ...

The first teaser trailer for Tim Burton's Alice in Wonderland has arrived online via IGN, and the thing just looks bloody brilliant. Of course they save the best parts for the end, including a re-introduction to the Mad Hatter -- played this time by Johnny Depp, doing his best whimsical British accent. Starring Depp, Anne Hathaway (as the White Queen), Helena Bonham Carter (as the Red Queen), Alan Rickman (as the Caterpillar), Michael Sheen (as the White Rabbit), Stephen Fry (as the Cheshire Cat), Christopher Lee (as the Jabberwock), Crispin Glover (as the Knave of Hearts) and Matt Lucas (as both Tweedledee and Tweedledum), this version of Alice in Wonderland picks up ten years after Alice's original visit. This time she's a 19-year-old who decides to return for another magical adventure and embarks on a journey to find her true destiny and end the Red Queen's reign of terror.

Burton really looks like he was in his element with this one, and after watching this trailer and looking at all the images and concept art, I think I'm anticipating Alice in Wonderland more than his last few big-screen efforts. What about you? Did Burton succeed here, or does it look like the film spent too much time making itself pretty instead of focusing on story and substance? Check out the teaser trailer after the jump and let us know what you think.

Alice in Wonderland hits theaters on March 5, 2010.