As of August 1st, 2008, JJ Abrams and his editors Mary Jo Markey and Maryann Brandon completed the first cut of Star Trek and screened it for Paramount executives.
According to Trekmovie.com, "The Paramount buzz on Star Trek went into high gear last week. One source tells TrekMovie that first cut showing was “a hit.” Another old studio hand who isn’t even working on the projects called the cut “very impressive.” And yet another source said that the reaction in the screening room was “far beyond expectations” and as we know expectations have been high at the studio since the powers that be decided to move it from a Christmas 2008 release to their first summer tent pole of 2009."
The movie's release is still nine months away but Abrams is sticking with this original December release schedule for budgetary and time use issues since the movie has about 1300 effects shots of various sizes. I guess that way if come December, more tweaks and work is needed, they will have plenty of time to make whatever adjustments are needed.
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