ATTENTION MOVIE NERDS: This isn't a fucking Where's Waldo book. There is no monster hidden in the trailer.
Alas, the search goes on...
One site--which is particularly hilarious, I might add--is entirely devoted to Cloverfield and the mysterious monster. It's aptly called "What's Cloverfield?" and it's written by "a guy writing about Cloverfield to learn better english" (his words, not mine.)
Below, I've reproduced what is by far the best post on the site. I've also underlined a few sentences which caused me to projectile spew my coffee Saved-By-The-Bell-style all over my keyboard.
My favorite part has to be the update within an update that totally debunks the initial update. Keep the dream alive, buddy. English is a tough one to master, but not as hard as comedy... and you've got that down pat.