I'm going to wait until I see actual content before I get too excited. The game was announced, that's it. I'm very happy they'll be making a sequel but no point in getting riled up about it yet.
Well, the only thing they've shown so far is that they can have 1000 Locusts on the screen at once. So, Gears 1 on a much larger scale. That's enough to get excited about IMO