diff --git a/HISTORY.rst b/HISTORY.rst
index 5ea68cce..f12a78ef 100644
--- a/HISTORY.rst
+++ b/HISTORY.rst
@@ -4,6 +4,11 @@ Release Notes
 PlatformIO 3.0
 --------------
 
+3.6.2 (2018-??-??)
+~~~~~~~~~~~~~~~~~~
+
+* Fixed incorrect wording when initializing/updating project
+
 3.6.1 (2018-10-29)
 ~~~~~~~~~~~~~~~~~~
 
diff --git a/platformio/commands/init.py b/platformio/commands/init.py
index 1e3cbeb9..e90bc2fd 100644
--- a/platformio/commands/init.py
+++ b/platformio/commands/init.py
@@ -87,7 +87,7 @@ def cli(
         click.echo("%s - Project Configuration File" % click.style(
             "platformio.ini", fg="cyan"))
 
-    is_new_project = util.is_platformio_project(project_dir)
+    is_new_project = not util.is_platformio_project(project_dir)
     init_base_project(project_dir)
 
     if board: