It's story is slightly altered from the original series but it's not a complete reboot like the new 52 :P
Speaking of which,if y'all haven't heard the original 2003 Teen Titans cartoon is getting a follow up next year. Sigh... that's not exactly what I want. The new series is more comedic and while still anime based like the original and the shorts it's art style is different. Oh well, at least it's got the same cast.
Anyway here's a clip from Young Justice
See I told ya I'd update more