It has been widely reported that the next Star Trek film would be a Starfleet Academy story recounting how a young James T. Kirk and Mr. Spock first met as cadets. But, according to IGN's insiders, that is not quite the case:

IGN was informed that Star Trek XI -- to be directed by J.J. Abrams from a screenplay by Alex Kurtzman & Roberto Orci -- will be more of a "first adventure" for Kirk and Spock rather than their first meeting. It is possible that they met while at the Academy -- didn't it seem like Jim Kirk served with every young officer's father at the academy? -- but the movie will explore their first mission together.

One source claims there is a reason why the Starfleet Academy idea won't be central to the film: Harve Bennett, the producer of Star Trek II - V. IGN was advised that, since the Academy idea was Bennett's and has been kicked around for so long without success, Paramount and the filmmakers are going in the "first adventure" direction.

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Star Trek XI arrives in theatres in 2008.