We first see Wolverine in an Adamantium bath and then it cuts to the sideburned one's childhood. We see how he first discovered to use his claws and we see him throw a (his first?) berserker rage.
There's quite a bit of early plot exposition crammed into the 60 seconds - but I'm worried that Wolverine is trying to go for a very expansive time frame.
Going by the sets and costumes it looks like this section of the film (or extended flashback) takes place in the late 19th or early 20th Century - making the film look like a comic book version of The Curious Case of Benjamin Button.
Check it out for yourself:
I'm not knocking the film, the last thing that I'd hate to see is a 90 minute Wolverine film, but come on - save something for the sequels. As a modern day "Man With No Name" it looks like Wolverine is about to become the man with a name, Facebook page, Twitter account and an open book life! I suppose that's what you get when you call the film X-Men Origins.
Maybe I'm wrong - but we'll find out when the Wolverine marketing machine ramps up before the films release in May 1st, 2009.