It seems FOX is working on a cash in on the Young X-Men but rather then giving us some cool mutants we are gonna get the B-Team in the form of Xmen First Class. You know the X-Men they send out when a school bus is stuck on the tracks or a kitten is stuck up a tree. The synopsis for the planned film from ComingSoon goes like this.
For millions of years, mankind's place on Earth was unchallenged – until five young people paved the way for a new kind of human. While students at the Xavier School for Gifted Youngsters, Cyclops, Marvel Girl, Angel, Beast and Iceman taught the world what it meant to be X-Men. These are the hidden stories of the team that laid the foundation of a mutant dynasty!
Update: My buddy goon who writes on this site is turning green and going Hulk Smash on my ass for refering to them as the 'B-team'. I was just kidding my fellow fan boys. I meant C team... ho ho! In all seriousness it could be a cool movie and some of the mutants in this one are pretty cool ( Marvel girl for one )

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