Alert Janeite Elizabeth noticed a tweet from Production Weekly, which Elizabeth says is “usually very reliable,” stating that filming will begin in early November on “From Prada to Nada,” the new name for Sense and Sensibilidad, a modern-set adaptation of S&S set in the Latino community of Los Angeles.

Alert Janeite Cinthia did a little more digging and found a listing for the film on Hollywood.com, which includes a synopsis with some new information.

A Latina version of Jane Austen’s classic novel set in modern-day Los Angeles. Two sisters, one a young beauty who chooses passion over logic, the other a law student whose fixed moral compass keeps her from following her desires, are uprooted from their luxurious home when their father suddenly passes away. Out of money and out of options, the women move into their Great Aunt Aurelia’s modest, but lively home in the Latino-centric Boyle Heights neighborhood where they find themselves thrown into a world that, despite their heritage, seems completely foreign. Over time, they discover the beauty of the culture they once fought so desperately to hide. And in the process they find the one thing that had eluded them: love.

Jane is going multicultural! IMDB lists the release date as 2011.