Touchstone Pictures has released the first trailer for their upcoming animated film, Gnomeo and Juliet.  As you’ve probably already guessed, the film is a retelling of William Shakespeare’s Romeo and Juliet… only with gnomes.  The film will feature music by Elton John and the voice cast includes James McAvoy, Emily Blunt, Michael Caine, Jason Statham, Maggie Smith, Patrick Stewart, Ashley Jensen, Stephen Merchant, Matt Lucas, Jim Cummings, Julie Walters, Richard Wilson, and Ozzy Osbourne.  You can hit the jump to watch the trailer and to see the first image from the film.

Here is the plot synopsis:

The greatest love story ever told, starring...garden gnomes? In "Gnomeo & Juliet," Shakespeare's revered tale gets a comical, off-the-wall makeover. Directed by Kelly Asbury (co-director of "Shrek 2") and showcasing both classic and original songs by Elton John, the film features the voices of James McAvoy and Emily Blunt as Gnomeo and Juliet, who have as many obstacles to overcome as their quasi namesakes when they are caught up in a feud between neighbors. But with plastic pink flamingos and thrilling lawnmower races in the mix, can this young couple find a happy ending?

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Check out Apple for HD.  Gnomeo and Juliet opens February 11, 2011.

And courtesy of Deadline, the first official still: