From the IMDb news:
Trekkies Rejoice; Kirk & Spock To Return
The hopes of millions of aging Trekkies that their revered movie/TV franchise would be revived got a boost today (Friday) when Daily Variety reported that Paramount has signed J.J. Abrams (Mission Impossible III) to produce and direct an 11th Star Trek feature. The trade paper said that the screenplay, to be written by MI3's Alex Kurtzman and Roberto Orci, will concern the first meeting of James Kirk and Mr. Spock at the Starfleet Academy and their first mission. In effect, it revives a project called Star Trek: Beginnings that produced a script by Erik Jendresen. It was unclear what, if any, role longtime Star Trek executive producer Rick Berman would play in the new project.