Yep, you read it right. It may have our favourite characters (or pale carbon copies thereof), but when they said the original script was "too Star Trek-y", they fixed that. Other than the characters and the name of the ship, it's a generic high-action "sci-fi" movie. The characterisations were... OK, but the plots and storyline? Dumb generic blandness, and they even managed to make the Beastie Boys' Sabotage a plot point.
I may have put in a spoiler alert, but I can't spoil the movie any more than Pegg, Kurzman, Abrams and Lin did. The JJPrise is made short work of by the teeny-tiny alien buzz-saw ships, and the NX-0h0h Frakkin' must save the Yorkylon 5 station and with it the entire Federation from Idris Elba's Big Bad Alien (sorta). The non-stop action was confusing to watch, and while they got rid of the harsh over-lighting and lens flares on the Bridge, they forgot to actually light most of the attack on the JJPrise at all. The infernal combustion motocross bike apparently was on the Frakkin' for no adequately (or indeed even inadequately) mentioned reason, and is still fueled up and good to go in a story twist equal to the 1000 year old Harriersi Battlefield Earth. The Babylon 5 wannabe station is the most ill-designed piece of crap to be rejected by MC Escher, showing that someone's read too many copies of 2000AD.
Pure generic SF, but slapping Star Trek on it violates the Truth in Advertising concept.