Capcom Japan has debuted the multiplayer in Lost Planet 3, with a new trailer that shows it off in action. It's composed mostly of explosions, so the brief bits of Japanese aren't too insurmountable.
This is the longest bit of multiplayer shown for the game by far, having previously only seen very brief glimpses in the pre-order bonus trailers.
Lost Planet 3 was recently delayed to August 27 for unspecified "business reasons." Shortly after, Capcom cited excessive outsourcing as a reason for its lagging sales. Lost Planet 3 is under development from Spark Unlimited, but judging by the new trailer it doesn't appear to be in any danger.