Two in-game images (from last night) and a teaser trailer have been released for Obsidian's Dungeon Siege III, which will be published by Square Enix.

Although Square Enix purchased the intellectual property for the series from creator Chris Taylor and Gas Powered Games, Taylor is involved in the project, offering feedback and criticism to the team at Obsidian.

While you fine folks will have to wait a bit longer for in-game action, this teaser trailer should help set the mood.

Dungeon Siege III is planned for the PC, PS3, and Xbox 360 for release in 2011. You can read Shacknews' E3 preview while you wait.