Vulture is reporting that J.J. Abrams has decided to direct Star Trek 2. Their sources indicate that pre-production has started and the script is expected by the end of the month. Star Trek 2's extended delay due to various film projects from Abrams (Super 8), Roberto Orci (Cowboys vs. Aliens) and Alex Kurtzman (Welcome to People) is the primary reasons why the film was forced to abandon its intended June 2012 release date. A new date has not been scheduled but I would not be surprised if it’s not bumped to May 2013 even though I think Thanksgiving 2012 is a better release time. Keep in mind that Abrams choosing the direct the film and Paramount agreeing to meet his price are two separate things but I would be surprised if things don't get worked out after the studio delayed the film in hopes of getting him back as director. (via TrekMovie)
Update: Entertainment Weekly has independently confirmed Vulture's story saying "EW has confirmed that the insatiable media multi-hyphenate has signed on to direct the sequel to his 2009 hit Star Trek."