Yes, that is what SHARK NIGHT 3D is being billed as. JAWS for the 3D generation. If that isn't a chum filled bucket of bloated fish guts to swallow. Lets set the bar incredibly high guys. Obviously they are going for hype and that may be the only thing this film has. With PIRANHA 3D not exactly setting the box office on fire one has to wonder how many more aquatic 3D adventures the public has left in us...

Follow up:

Director David Ellis (the even-numbered Final Destination films and Snakes on a Plane) and writers Jesse Studenberg and Will Hayes have plotted this film and today we have four names to add to the cast. According to THR, Sinqua Walls, Chris Carmack, Alyssa Diaz and Joel David Moore are all going to be part of the story in which revolve around a plot that involves “seven men and women who spend a weekend at a lake house in Louisiana’s Gulf area. When their vacation quickly becomes a nightmare of hellish shark attacks, unheard of in freshwater lakes, they soon discover that the sharks are part of a sick, greedy plan on the part of several locals.”

Per THR her is what we know thus far,

Diaz is the sweetheart to Walls’ character.

Walls is playing a Tulane University linebacker with plans on marrying his college sweetheart.

Carmack is the ex-boyfriend of the female lead, still uncast, who was scarred in a boating accident.

Moore is providing the comic relief as a socially awkward guy who fancies himself a young Brad Pitt.

The cast will all have to learn to tread water quickly as the SHARK for this film is being created by Walt Conti. He’s responsible for the sharks in DEEP BLU SEA, the supersized snake in ANACONDA ("the Shuishama worship the giant snake") and the whales in the FREE WILLY movies. (You know you want to watch the video, no one's around looking, go ahead, hit the play button, it's ok, it's our secret!)

Source: THR