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Is this new movie comming out a remake of the 70's or 80's trilogy?

Yep.

is that the one wit 'the rock'..?

Affirmative.

I am so excited, as you can tell from my pic, I Love the Rock hehe, yea The Rock plays Chris Vaughn, a retired soldier who returns to his hometown to make a new life for himself, only to discover his wealthy high school rival, Jay Hamilton (Neal McDonough), has closed the once-prosperous lumber mill and turned the town's resources towards his own criminal gains. The place Chris grew up is now overrun with crime, drugs and violence. Enlisting the help of his old pal Ray Templeton (Johnny Knoxville), Chris gets elected sheriff and vows to shut down Hamilton's operations. His actions endanger his family and threaten his own life, but Chris refuses to back down until his hometown once again feels like home.