UPDATED with five new character posters: The first full trailer for the sequel to Disney’s 2010 blockbuster Alice In Wonderland hit this morning. Alice Through The Looking Glass returns most of the cast — among them Johnny Depp, Anne Hathaway, Mia Wasikowska and Helena Bonham Carter and the voices of Stephen Fry, Alan Rickman and Michael Sheen — and screenwriter Linda Wolverton but not original director Tim Burton (he’s a producer on this one, with Muppets helmer James Bobin taking over).

Among the newcomers is Sacha Baron Cohen, who it seems is a major cog in this new story based on Lewis Carroll’s original: he plays Time, who is part-human, part-clock (and has borrowed some outfits from Brüno’s closet apparently). When Alice returns to a much different Wonderland, she must go on a quest to borrow the Chronosphere, a metallic globe inside the Grand Clock’s chamber. This sends her into the past, where she comes across friends and enemies at different points in their lives, and a race to save Depp’s Hatter (looking quite put out here) before time runs out.

The 3D pic has a May 27 release date.

Check out the trailer above, which from a visual perspective certainly looks the part of the original. But will it retain the first one’s box office magic (the first Alice made $1.025B global)? Meanwhile, here are five just-revealed character posters:

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