Lee Goldberg blogs:
Variety reports that JJ Abrams has been signed to write, produce and direct the 11th STAR TREK movie, along with his LOST team of Damon Lindelof and Bryan Burk. Abrams will co-write the movie, which follows the Starfleet Academy years of Kirk and Spock, with his ALIAS and MISSION IMPOSSIBLE III scribes Alex Kurtzman and Roberto Orci.
More from StarTrek.com:
Although there isn't an official Paramount press release announcing the movie, it is a confirmed project under development with a 2008 release date targeted...
The proposed story will focus on the early days of James T. Kirk and Spock, including their first meeting at Starfleet Academy and their first mission in space.
...This project is separate from the previously rumored script developed by Eric Jendresen and overseen by Rick Berman. The former Star Trek producer is not involved in this project.