Abrams to direct Trek XI — official?

After more rumor that what the smoke monster is on Lost, J.J. Abrams will direct the Star Trek XI movie, according to The Hollywood Reporter.  Abrams had already said that he was writing the script and producing the movie for Paramount, which is re-launching the Gene Rodenberry franchise with this the 11th Star Trek feature film. 

According to an oft-repeated yet not quite officially confirmed story,the movie is a prequel, taking place prior to the time represented in the original Star Trek TV series when both James T. Kirk and Mr. Spock are at the Starfleet Academy. William Shatner had stated he was approached for a cameo.

The film is set for release November 26, 2008, just in time for the 40th anniversary of the cancellation of the original series.