The movie will likely be retitled, but the original script by Kasdan and Barbara Benedek will be used as a template; the storyline will be contemporized and the cast will be African-American.
The remake will stick closely to the original storyline, in which seven college friends reunite over a weekend at a South Carolina house for the funeral of a pal. As they get reacquainted, they become introspective about how their lives turned out.
Regina King (who I recently adored in Year of the Dog) is set to star in it and produce, along with her sister whose name is only one letter off, Reina King. The article also mentions that the cast will be in their 30s, so instead of waxing nostalgic about the 1960s, they'll discuss the 1990s.