For anyone who’s wondered what that James Frey boy’s been up to since Oprah reamed him a new one, here’s the most impressive answer: snagging a book-to-movie deal. I Am Number Four, the Dreamworks adaptation of Frey and co-writer Jobie Hughes’ successful first installment in a proposed six-part teen book series, is set to release in February 2011, and there’s a fancy new trailer out to investigate. The story circles a hunted boy who belongs to an elect group with unusual powers (he is number four) and the regular girl he loves. English newcomer Alex Pettyfer plays the lead, while Glee‘s Dianna Agron plays his love interest. Looks like lots of angsty mystery and dramatic effects, which makes sense considering it’s directed by the guy who helmed Disturbia and produced by the guy who treasures slow motion helicopter shots at sunset. Take a look after the jump and tell us what you think.