Bond is back!

The new trailer for the upcoming James Bond film Spectre, which was released Wednesday, gives us our first look at the 24th installment in the British franchise.

In the trailer, Bond (Daniel Craig, returning for his fourth stint as 007) is seen going rogue to pursue a target in Mexico City, and later encountering Christoph Waltz's main villain Oberhauser - the self-described "author of all [Bond's] pain," who may or may not also be the famous baddie Blofeld - at a meeting of the cult-like SPECTRE organization.

We also get a glimpse of Ralph Fiennes as the new M, and Sherlock's Andrew Scott as Max Denbigh, the new head of the Center for National Security - who may or may not be a bad guy.

Spectre is scheduled to hit theaters in the U.K. on October 26 and in the U.S. on November 6. Check out the full trailer below: