The first Transformers movie was passable. The second was a mess. I do not have high hopes for the third except in the area of state-of-the-art special effects. As always, I hope I’m wrong, but there it is.
Now, before anyone nails my foot to the floor for generalized Bay-bashing, I’d like to go on record that I actually defend many of his films such as Bad Boys II, Armageddon, and The Rock. Even The Island wasn’t horrible, but I think Jerry Bruckheimer kept Michael Bay in check far better than Steven Spielberg has. Budget limitations and being forced to use smaller brushstrokes in filmmaking appear to, in my opinion, yield a far better result for a final product than having an unlimited budget and a infinite blank canvas (mostly).