No, number of unknowns is not a problem.
Assuming u is defined at m m points (it has been discretized) we obviously end up with m unknowns: u_i^{n+i}, 1 \leq i \leq m.
We get m-2 equations by plugging in i=2,3,4,...,m-1 into the equation in the original post. Plugging in i=1 doesn't work...