Universal Pictures has released a second movie trailer for Michael Mann’s Public Enemies on MSN. The film tells the story of legendary Depression-era outlaw John Dillinger (Johnny Depp)—the charismatic bank robber whose lightning raids made him the number one target of J. Edgar Hoover’s fledgling FBI and its top agent, Melvin Purvis (Christian Bale), and a folk hero to much of the downtrodden public.

A lot of people were complaining about the video-look of the film when the first trailer was released. I’ve found a lot less noticeable on my computer screen, especially in this second trailer. I’m under the belief that audiences could watch a film shot on 8mm film. If it was compelling enough, audiences could easily forget the weaknesses of the medium. And I think this second trailer does a lot with mood, tone and story which makes me forget about the digital look of the sequences presented in the trailer. Watch the trailer after the jump, and tell me what you think in the comments below.

Right now this is the highest quality trailer available. We’ll update the story when we get something better.

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Official Plot Synopsis: In the action-thriller Public Enemies, acclaimed filmmaker Michael Mann directs Johnny Depp, Christian Bale and Academy Award® winner Marion Cotillard in the story of legendary Depression-era outlaw John Dillinger (Depp)—the charismatic bank robber whose lightning raids made him the number one target of J. Edgar Hoover’s fledgling FBI and its top agent, Melvin Purvis (Bale), and a folk hero to much of the downtrodden public.No one could stop Dillinger and his gang. No jail could hold him. His charm and audacious jailbreaks endeared him to almost everyone—from his girlfriend Billie Frechette (Cotillard) to an American public who had no sympathy for the banks that had plunged the country into the Depression.

But while the adventures of Dillinger’s gang—later including the sociopathic Baby Face Nelson (Stephen Graham) and Alvin Karpis (Giovanni Ribisi)—thrilled many, Hoover (Billy Crudup) hit on the idea of exploiting the outlaw’s capture as a way to elevate his Bureau of Investigation into the national police force that became the FBI. He made Dillinger America’s first Public Enemy Number One and sent in Purvis, the dashing “Clark Gable of the FBI.’’ However, Dillinger and his gang outwitted and outgunned Purvis’ men in wild chases and shootouts. Only after importing a crew of Western ex-lawmen (newly baptized as agents) and orchestrating epic betrayals—from the infamous “Lady in Red’’ to the Chicago crime boss Frank Nitti—were Purvis, the FBI and their new crew of gunfighters able to close in on Dillinger.

Public Enemies hits theaters on July 1st 2009.