From CVG:
Ubisoft has rebooted development on much-delayed title I Am Alive – and is now creating the game with the Splinter Cell engine.
CVG reported this week that the title had been delayed again, and would now not see the light of day until 2011 at the earliest. [...]

From eurogamer.net:
Ubisoft has revealed that mysterious survival game I Am Alive will be released by the end of March.
That brings the launch forward from spring (Q2), which strikes us as bizarre, as we’ve heard next to nothing about the PC, PS3 and Xbox 360 game so far. But Ubisoft was adamant Q1 2009 [...]

From 1up.com (via joystiq.com):
Back when we first got word of I Am Alive, a new disaster game from Ubisoft, the popular gossip was that the title would feature Jade Raymond (of Assassin’s Creed fame) as producer. Since then, Ubisoft hasn’t provided much info aside from the debut trailer above, but we’ve finally got new [...]