This morning AICN got an inside tip regarding the storyline for Warner Bros. Pictures’ I Am Legend II, which they’re jokingly referring to as II AM LEGEND (kinda awesome). Beyond the break you can read a little bit about what the plot follows, but they do note that the source isn’t a regular scooper, so make sure to take it with a grain of salt. The sequel is set to be directed by Francis Lawrence, who reteams with star Will Smith.
From an Aint it Cool News tipster:

“Let’s start at the beginning. Smith is actually the one who developed the initial story. It took place several years before the original film and there were still pockets of survivors and the story centered around Smith interacting, bonding, and ultimately failing to save them. For months this was the story. Warner’s didn’t much care for it and Smith and Weiss eventually came on board and all parties agreed to change things up. Well this change is pretty insane, the film is no longer a prequel, it’s a fucking sequel!”