For those concerned about Transformers 3 after Megan Fox dissed Michael Bay and Bay teased that he was done with the Bot Biz, you can relax. Bay is already working on the third, and Fox has been invited back.
Posting to his blog, Bay revealed that work is already underway for the third in the Giant Robots In Disguise series:
Well its official: We have a great Transformers 3 story. The release date is now July 1st 2011. Not 2012.
Today is Day One. This morning started with an ILM meeting for five hours in San Francisco. Currently I'm flying with writer Ehren Kruger to Rhode Island to talk to Hasbro about new characters.
P.S. Megan Fox, welcome back. I promise no alien robots will harm you in any way during the production of this motion picture. Please consult your Physician when working under my direction because some side effects can occur, such as mild dizziness, intense nausea, suicidal tendencies, depression, minor chest hair growth, random internal hemorrhaging and inability to sleep. As some directors may be hazardous to your health, please consult your Doctor to determine if this is right for you.
For fans of large scale explosions that render things like "coherent plot" worthless, this can only be a good thing. Guess Bay realized that he liked that whole "getting paid a lot of money" thing after all.
Transformers 3: July 1st, 2011 [Shoot For The Edit]