Watch the latest trailer for James Bond SPECTRE PLUS trailer breakdown

So you've just watched the brand new SPECTRE trailer. Let's go full Bond geek and decrypt the classified intel encoded within its frames... Commence Operation Breakdown! By Nick Setchfield

Mexico's macabre Day of the Dead festival provides an evocative backdrop for SPECTRE's pre-titles sequence, delivering the kind of classic local colour seen in the junkanoo parade in Thunderball and the eerie street carnival in Moonraker.

Bond's disguise nods to the iconically ghoulish Baron Samedi in Live And Let Die - a formative 007 film for both Daniel Craig and director Sam Mendes. The skull also recalls Richard Chopping's memorably creepy cover artwork for the first edition of Ian Fleming's Goldfinger.

For all that Bond has a licence to kill it's rare to see him operating as a remote assassin, removed from the blood and thunder of the action. Craig gets to play sniper here, just like Dalton's 007 in The Living Daylights.

A nattily attired Bond strides purposefully through the new offices of MI6, refurbished after the devastation unleashed by Silva in Skyfall. Daniel Craig has a damn cool walk, doesn't he?

"A few little tricks up her sleeve," promises Q - who's clearly reversed his snotty hipster stance on government issue gizmology since the events of Skyfall. Quite right too.

"Magnificent, isn't she?" Pure Bond iconography - our first Q-shows-Bond-the-motor scene since 2002's Die Another Day, unbelievably. That's an ultra-limited edition Aston Martin DB10 updating this homage to the legendary sequence in Goldfinger. And no, you can't buy one unless your name is Broccoli.

"Do one thing for me," asks Bond. "Make me disappear." We're probably safe to assume this isn't a reference to the infamous invisible Aston Martin Vanquish from Die Another Day...

"He's everywhere!" declares a spectacularly dishevelled Mr White, echoing the line "We have people everywhere!" from Quantum Of Solace. The chess board in the foreground recalls SPECTRE operative Kronsteen's game in From Russia With Love

Roger Moore's Bond required a magnetic watch to unzip Madeline Smith's dress in Live And Let Die. Craig's 007 opts for the manual approach...

If the thrilling alpine action doesn't conjure memories of On Her Majesty's Secret Service then the stirring re-orchestration of John Barry's OHMSS theme hammers the point home... We doubt this immortal cue will feature in the movie but it's a goosebump-inducing gift to Bond fans in the trailer.

As global criminal organisations go, SPECTRE clearly has a firm grip on brand management. Here's their iconic octopus logo, last seen on Blofeld's one-man mini-sub in Diamonds Are Forever.

See those names on the memorial to those who have fallen in the line of duty? They're actually the names of the movie's crew, immortalised on screen. Laura Barden, for instance, was also junior model maker on Star Wars: The Force Awakens...

"You came across me so many times," declares Christoph Waltz, "yet you never saw me..." Could this be the unseen puppet-master behind every film in the Daniel Craig era? Intriguing...

Another Bond tradition reinstated as Lea Seydoux makes a shimmering, showstopping entrance into the dining car of a luxury train. We've seen train scenes in a number of classic Bond movies, including From Russia With Love, The Spy Who Loved Me and, more recently, Casino Royale. It's the only way to travel.

Craig's rocking the white tuxedo jacket, homaging Sean Connery's sartorial choices in Goldfinger and Diamonds Are Forever. We last saw Bond wear a white tux in 1985's A View To A Kill.

We've already seen that Bond's new Aston comes equipped with rear-mounted flamethrower. We're tickled to see this piece of goon-frying gadgetry is activated by a button marked "Backfire". Digging the retro Dymo labelling, too.

This may be the single most thrilling frame in the trailer. It gives us an oh so tantalising glimpse of what appears to be a classic villainous lair, complete with banks of monitor screens - very Hugo Drax - and what must surely be a private army of faceless SPECTRE goons, ready to do backflips as fireballs explode on a Pinewood soundstage. Are there monorails too? Tell us there are monorails. We need monorails. Mmm, monorails.

So the official line remains that Christoph Waltz may or may not be playing Ernst Stavro Blofeld. But just look at that collarless jacket. It's the traditional wardrobe staple of world-threatening masterminds. You need a masters degree in international blackmail to even dream of slipping one on. But given Waltz tells Bond that he's "the author of all your pain" then maybe he's really playing Ian Fleming? Wow. Meta.

Ruddy Moriarty. Gets everywhere.