No story details were given, although it's possible this sci-fi project could have something to do with a particle collider. We reported last month that J.J. Abrams picked up the Oren Uziel screenplay God Particle. That story centers on a physics experiment with a particle accelerator that inexplicably causes the Earth to disappear. It isn't known if these projects are related or not.
This trio of filmmakers already have quite a lot on their plate at the moment. Mark Protosevich wrote the screenplays for Spike Lee's Oldboy remake, and the Mass Effect video game adaptation. Edgar Wright will direct The World's End before moving on to Marvel Studios' Ant-Man. J.J. Abrams is currently in post-production on Star Trek 2, set for release next May.