UPDATED: Probable Pic Of The New ‘Toy Story 3′ Character Featured In ‘Up’

Immediately after reading Larry’s post revealing the cameo appearance of a new “Toy Story 3″ character in Pixar’s soon-to-be-released “Up,” I tracked down the teaser trailer so I could see the image myself. Can you find it?

See it? No? Well keep reading. I went and did the hard work for you.

Here’s a closer look at the little guy:

So there you have it. Judging by the total absence of clutter beneath the young girl’s bed, that purple teddy bear is the most likely candidate for the “Toy Story 3″ cameo. As Larry mentions in his post, there’s something that looks like a cheese puff on the floor at the foot of the bed. However, since a talking Cheeto isn’t quite as cute as a purple bear, I’d say the stuffed animal is probably our toy.

Any thoughts on the look of this potential new character? Might it actually be the cheese puff instead?