After forcing us to settle for some blurrycam footage of the BioShock 2: Sea of Dreams teaser stuffed into the PS3 release of BioShock's capacious BD-ROM, 2K Games has finally wised up and released a direct-feed trailer (which we've wrangled into a Flash-prison for you above). If you'd rather check it out on your Plasmatron holovision, you can take a look at the Xbox Live Marketplace and/or the PlayStation Network ... really, we won't mind.
Now, as to whether or not the sequel will see a simultaneous release on both consoles (not to mention PC), or be a timed exclusive, a 2K rep told GameSpot that, "BioShock 2 is destined for the PlayStation 3, Xbox 360 and Windows PC platforms." We'll translate for you, just in case your PR-speak is rusty: "We're waiting for someone to park an eighteen-wheeler full of cash in front of our offices."
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