http://www.filmjunk.com/2009/04/02/sacha-baron-cohens-bruno-trailer/ It's funny because he now looks like a cross between Zach Efron and Michael Cera The film itself looks pretty good too. Oh, and before you play the trailer (it's embedded on the page I linked to) bear in mind that it's fairly NSFW.
Looks pretty funny but then again I didn't find Borat funny when I watched it. Nonetheless, I'll definitely see this. Sidenote: Warning. Red Band Trailer.