- Bungie is Boss
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- Exalted Legendary Member
Remember that after the events in Halo 2, there is a schism in the Covenant (Elites, Grunts, and Hunters v. Prophets, Brutes, Jackals, and Drones, or 1 and 2, respectively.) Remember also that due to the samurai-like code that the elites seem to follow, the Arbiter is the somewhat leader of group 1. The Arbiter is also in an alliance with the humans, because of his contact with the MC, Johnson, and Keyes. Therefore, it is my belief that the Covenant shown in the trailer belong to group 1 and, with the new undersanding of the purpose of the Halo system, have decided to unearth the Ark and use it to destroy the Halos (assuming that such a thing can be done while in standby status,) and thereby destroy the Flood aswell (because they all live on the Halos.) That would explain why the Master Chief is standing at ease (literally and figuratively) and why the Banshees fly right over his head without paying him any mind (if they saw him as an enemy, they would know better than to let him be if they had an open shot.)
Keep in mind that this is a theory based entirely off of the trailer and Frankie's statement that "There's a universe of drama in that trailer if you know what to look for." In all reality, I hope that I'm wrong, so I'll be surprised to see what Bungie comes up with, and either way, I know Halo 3 is going to roxxorz some soxxorz, so I won't be let down.