Red5 Studios has released the first game play trailer from its upcoming persistent MMOFPS, Firefall. The trailer shows off combat, inventory, equipment management, customizable shields, weapons and massive battles between humans and aliens. Firefall is an MMOFPS that combines character progression with hundreds of other players along side a competitive multiplayer experience that incorporates things like ladders, tournaments and clan support.

Click the image below to watch the new trailer on YouTube.

Firefall is accepting beta applications and is set for release in 2011. Find out more at the official site.