This is clearly the reveal of the Frank Cho written and drawn Wolverine title that will once again delay his creator-owned work.
This looks to be a new version of Young Avengers (or New Warriors or Young Allies or whatever they want to call this teen team) from the Phonogram creative team of Kieron Gillen and Jamie McKelvie. (From Comic Book Resources.)
Honestly, these may be the two most interesting creative teams of Marvel NOW! so far.