MTV Films had grabbed the spec back in March, for $300,000 against $600,000, and as the story goes, it's a coming-of-age comedy about an older bro who wants to protect his younger sister from lascivious guys just like him. It sort of reminds me of She's Out of Control, but with a brother instead of a father.
Since this is comedy teen fare, I wouldn't be surprised if we see Jonah Hill or Michael Cera in there, although they could also go the route of the hot older brother who does funny things, but isn't necessarily funny himself. I'm hoping that they get some people in there with comedy chops, but we'll have to wait and see. Since Baster is still in the works, this might take a while.