"Michael Bay's official website got an update from the director on his future projects:
* He will be meeting later this week with Steven Spielberg, and Ehren Kruger to discuss ideas for Transformers III. By the end of the week he should have an idea if Transformers III will hit your local cineplex in the summer of 2011 or 2012."
He did say July 4th, 2012. Is it remotely possible he can get it in faster than that.
Oh, and for anybody interested, it also mentions Bad Boys III possibly coming before or after Transformers III. Does this mean Will Smith and Martin Lawrence are coming back?