Dreamwork’s latest Shrek sequel, the aptly named Shrek: Forever After, will hit regular and IMAX theaters in just over two weeks.

In the meantime, we have a new character featurette and theatrical trailer for the latest venture with the big, green ogre voiced by Mike Myers.

The first clip concerns the Pied Piper – the famous rat-charmer himself. Here, the devious Rumpelstiltskin (who tricks Shrek into an agreement that crowns the dwarfish scoundrel ruler of Far, Far Away), hires the Piper as a bounty hunter – to track down our titular hero and his fellow ogres.

Check out the clip after the jump:

An elaborately choreographed dance sequence is not something moviegoers have yet seen in the new 3D format – so Shrek: Forever After could be a bit of a visual treat in that regard (even if the film itself just recycles the same kind of jokes and themes of the three previous Shrek movies).

In addition, we’ve got another Shrek: Forever After theatrical trailer – with new footage that offers us a glimpse at the ogre Cookie (Craig Robinson), the alternate-reality world of Far, Far Away, and the newly plump Puss N’ Boots attempting to move on his own.

You can check it out for yourselves below:

The animated detail and texture of the characters has improved vastly from the original Shrek (just look at Donkey’s fur as proof) as has the world itself.  It’s a shame that the new film’s offering of pop cult references and satirical jabs at the world of fairy tales is getting tired-out.

Good thing Dreamworks has another solid animated franchise now.

But what do you think? Could Shrek: Forever After be a fun way to end the franchise?

Shrek: Forever After will hit 2D, 3D, and IMAX screens in the U.S. on May 21, 2010.