I think the picture implies the saints are moving out of stillwater, what with the plane and the city behind them. I dont think they would do the same city 3 times. But if it really does look that much better as they claim. it would be like when rockstar went back to liberty city. it was totally new.
That definitely looks like Johnny Gat. I can't wait for more info. For those of you who plan on getting into the series, you could easily get the Saint's Row Collection for XB360 for about 30 bucks, so it's a pretty sweet package. However, once you play SR2, you can never go back to playing SR1. SR2 is leaps and bounds better than SR1 especially with the inclusion of co-op. If it is as big as San Andreas and they bring back a bunch of familiar faces, then it'll be sweet, although I have faith that this is gonna be a great sequel.