[UPDATE: Check out the fantastic new True Grit trailer – MUCH better than the one below.]

Today the teaser trailer for the Coen brothers’ adaptation of the 1968 western novel True Grit, starring Jeff Bridges, Matt Damon, Josh Brolin, and newcomer Hailee Steinfeld, was released. It’ll be the first time that the Coen Brothers and Jeff Bridges have worked on a movie together since the cult favorite, The Big Lebowski.

True Grit was previously adapted in 1969 by Henry Hathaway with John Wayne as the iconic, eye-patch wearing, alcoholic marshal named Rooster Cogburn. This time around, Jeff Bridges, who most recently won an Oscar for his turn in Crazy Heart, will be wearing the eye-patch. The thrust of the plot is about a fourteen-year-old girl named Mattie Ross, played by Steinfeld, who sets out to get revenge on the man who killed her father, teaming up with Cogburn to do so.

Check out the trailer below:

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You can also see it in high-quality Quicktime on Apple’s website.

The True Grit trailer has all the hallmarks of a masterful Coen Brothers movie, including soaring, southern-inspired music and beautiful cinematography. It looks to be more in the vein of No Country for Old Men and Blood Simple than, say, Raising Arizona or Intolerable Cruelty, what with the topic of revenge being so prevalent.

Apparently, the Coen brothers version of True Grit has been incorrectly labeled a remake by many in the media. According to the Coens, it’s just a more accurate adaptation of the original source material, not unlike John Carpenter’s The Thing.

Referring to the source material, Ethan Coen said of the film to IGN:

“It’s partly a question of point-of-view. The book is entirely in the voice of the 14-year-old girl. That sort of tips the feeling of it over a certain way. I think [the book is] much funnier than the movie was so I think, unfortunately, they lost a lot of humor in both the situations and in her voice. It also ends differently than the movie did. You see the main character — the little girl — 25 years later when she’s an adult. Another way in which it’s a little bit different from the movie — and maybe this is just because of the time the movie was made — is that it’s a lot tougher and more violent than the movie reflects. Which is part of what’s interesting about it.”

If the movie has a particularly humorous slant, it doesn’t show in the trailer, which looks somber and tense, all throughout. One has to assume they left that out to remind us that the Coen brothers are the filmmakers responsible for the Academy Award-winning No Country for Old Men—though that movie had its own twisted sense of humor, too.

True Grit hits theaters December 25, 2010.