The film is called Agent Crush and it looks very interesting.  The puppets are very reminiscent of Team America, but it seems that the movie is not intended to be as silly of a comedy (but I may be wrong).  I have always been interested in the use of puppetry in dramatic or adventure film and video projects. 

To read more about it please go to their website here.  You can also see the trailer along with behind the scenes video here.