Half shark, half octopus, all descended from legendary B-Movie man Roger Corman himself! Here's the trailer:

http://www.youtube.com/watch?v=fK2bBfuepKk

Normally I'd be excited, but considering how lackluster Dinoshark and Dinocroc vs. Supergator were I am going to be seeing it with low expectations. It better have a ton of action in it, 'cause those last two seem to have forgotten it. If it will be action packed I'm gonna be very happy.