MySpace has just debuted the brand new domestic trailer for G.I. Joe: Rise of Cobra, which is set to hit theaters nationwide on August 7. Click below to take a look at this new domestic trailer for yourself.Paramount Pictures and Hasbro, whose previous collaboration was the worldwide blockbuster Transformers, join forces with Spyglass Entertainment for another extraordinary action-adventure G.I. Joe: Rise of Cobra. From the Egyptian desert to deep below the polar ice caps, the elite G.I. JOE team uses the latest in next-generation spy and military equipment to fight the corrupt arms dealer Destro and the growing threat of the mysterious Cobra organization to prevent them from plunging the world into chaos. G.I. Joe: Rise of Cobra is directed by Stephen Sommers (The Mummy, The Mummy Returns).