Looks like they've moved Frank back to New York, though I can't tell for certain if they're redoing his origin or not (from the brief flashback sequence in the beginning) and making this a reboot.
Too soon to tell. Not the greatest trailer in the world. I, too, liked the Thomas Jane Punisher movie (despite some inanities that should have been dropped, funny as they were in Garth Ennis' "Welcome Back, Frank" series. Had they stuck to making a serious flick, and dropped the wacky neighbors, it would have been a much stronger movie.)
IIRC, Jane was tied up with other things and couldn't come back for this one, which is too bad. Can't say I care for the high-collar body armor look he's sporting, though he looks like he could be a good Punisher appearance wise.