DC Comics’ long rumored and surprising announcement this afternoon has sent the Internet and Comics fans into a frenzied state of excitement. With so much information out there, it’s hard to get a feel for what exactly will and won’t be changing. After the break, we’ve got an analysis of the changes DC just made and a round up of some of the already announced and rumored new #1 titles that will debut this September.

This is it folks, the biggest comic book news since Disney bought Marvel.

Today via The Source Blog DC Comics announced it is relaunching their entire line of Superhero titles and will be the first of the “Big Two” (DC and Marvel) to publish same day releases of their digital and print comics. These changes will spin out of DC’s summer event Flashpoint ending on August 31st with only two issues being released on that date: Flashpoint #5 and the newly announced Justice League #1 by Geoff Johns and Jim Lee. After August 31st expect an onslaught of new books as DC will continue to release fifty-two new issue #1s. As far as what this means to our rebooted characters and timelines DC Comics’ Dan DiDio was quoted as saying that the reboot would give them “…a chance to start, not at the beginning, but at a point where our characters are younger and the stories are being told for today’s audience.” In an industry often stagnant and stuck in its ways I for one salute DC for making a bold and daring move forward but only time will tell if this gamble will pay off.

Read the full press release and sound off in the comments after the break.

With Green Lantern just a few short weeks away, Warner Bros. has released a new trailer with plenty of things to get excited about. While it’s promoted as a 3D trailer, you won’t need any glasses to see the grand scale on display in this trailer. We won’t have much longer to wait as Green Lantern will hit theaters on June 17.

We’re playing a bit of catch-up here, but last week Warner Bros. released a new trailer for Green Lantern, which aired in front of Thor this weekend. In addition to this trailer, we’ve got two new prints which focus on the major players of the Corps. Both are after the jump.

Green Lantern, directed by Martin Campbell, will hit theaters on June 17, 2011 and stars Ryan Reynolds, Blake Lively, Peter Sarsgaard, Mark Strong, Angela Bassett, Michael Clarke Duncan and Geoffrey Rush.

Over the past weeks, Warner Bros. has ramped up their promotion for the upcoming release of Green Lantern. We’ve included two new character posters and an extended, two minute, television spot after the break.

Green Lantern, directed by Martin Campbell, will hit theaters on June 17, 2011 and stars Ryan Reynolds, Blake Lively, Peter Sarsgaard, Mark Strong, Angela Bassett, Michael Clarke Duncan and Geoffrey Rush.