The first trailer for Steven Spielberg’s highly-anticipated science fiction series Terra Nova has finally been released.

Set in the year 2149, all life on planet Earth is faced with eminent extinction. In an attempt to save the human race, scientists develop a way to travel through time 85 million years and are sending groups of colonists back in an attempt to start humanity over.

Terra Nova picks up as Jim Shannon (Jason O’Mara), his wife Elisabeth (Shelley Conn) and their three children join the tenth group of settlers set to travel through time to establish a colony in the land called Terra Nova.

While any time travel has its risks, in this instance it’s the actual destination that proves most dangerous. Time traveling back to Earth’s prehistoric era brings a large array of creatures to the Shannon’s new front door – the most notable is, obviously, dinosaurs.

Of course, hungry carnivores won’t be the only danger that society’s new life-line will have to face. With an asteroid attack coming in 20 million years (yes, the one that killed the dinosaurs), the newly founded civilization at Terra Nova will have to figure out a way to combat any celestial attacks.

Alright, enough talk… Check out the trailer below:

Upon first look it’s easy to see why so many people have compared the series to James Cameron’s Avatar – especially with the casting of Stephen Lang as a commander – it’s hard for that comparison to hold up after viewing the trailer. Even though both have similar visuals and center around a far off destination, Terra Nova feels more like Starship Troopers meets an adult version of Land of the Lost than anything involving blue cat people.

From the looks of it, Terra Nova has the potential to deliver on all fronts, if given the chance to develop. Although, with visual elements like dinosaurs requiring longer post-production and a higher budget, I have a feeling that this series will have to hit the ground running in order for FOX to keep it around.

Hopefully more trailers will soon be released and we’ll be able to see what the Shannon family is up to when they’re not fighting off dinosaurs. Fingers crossed that it’s not something boring (which it probably is).

Also be sure to check out the rest of our 2011 Super Bowl Movie Trailers.

Terra Nova premieres May 23 @9pm, on FOX