Update: It looks like the shoes aren’t self-lacing after all, they just light up. More to come…

Update #2: The shoes will be auctioned off on eBay for charity, 150 per day over 10 days for a total of 1500. Check out nikemag.ebay.com to try and win yourself a pair. Hit the jump for a new video that reveals the shoe and a quote from the press release.

When Frank Marshall hinted at a big Back to the Future announcement on Twitter yesterday, I don’t think too many people expected this. It would appear that Nike is finally going to release the actual shoes that Marty McFly wears in Back to the Future II! Fans and collectors have been clamoring for these things for years, and although a special edition version was released in limited quantities a few years ago, this time there’s one big difference: the shoes will actually have self-lacing technology.

Back in 2009, Nike did actually file a patent for self-lacing shoes, and now we know why. Although there hasn’t been an official announcement from Nike as of yet, they are holding a launch event in L.A. today for the new shoes, known as “Air Mags”. Now if we could just get Mattel to keep up their end of the bargain and officially release a hoverboard. We’ll have more info as it becomes available, but until then check out a short teaser trailer for Marty’s kicks after the jump.

From the official press release:

“The Air Mag is the first rechargeable footwear from Nike were designed as an identical replica to the originals seen in the Back to the Future II movie. Some of the constant elements include the upper contours, the glowing LED panel and the electroluminescent Nike logo in the strap. The Nike Air Mag actually illuminates with the pinch of the “ear” of the high top, glowing for five hours per charge.”

Sadly, there are no power laces to be found here.