At the end of a countdown started yesterday, Bethesda has released the first in-game trailer for TESV: Skyrim. The trailer shows some of the new features we've been hearing about: improved combat, dragon shouts, finishing blows, more diverse magic, etc. I also spotted flowing water, NPCs working around a windmill, and some visually unique locations.
You'll also get to see how the new Creation Engine looks and hear a longer version of the Skyrim main theme. Oh, and dragons.
Watch below or on the official trailer page from Bethesda. You can also download the trailer from the official site in SD/HD and WMV/MP4.