Michael Bay says Transformers 3 coming... on July 1, 2011

We may have found this summer's blockbuster, Transformers 2: Revenge of the Fallen to be heavy on the sizzle and lean on the meat, but that doesn't mean we've written off the series – after all, it's hard to dismiss excellent CG work, the childhood toys of our youth... to say nothing of that siren Megan Fox.

Thankfully, director Michael Bay informs us via his official website that the next installment is already in the works, and it's been assigned a release date – July 1 of 2011. That's a long time from now, granted, but Bay intimates in his blog post that Megan Fox has already signed on for the TF3 project, and hopefully Shia LaBeouf will make the scene too. Bay is already meeting with Hasbro to discuss new characters, so we'd expect a few new transforming automobiles to show up as well.

[Source: MichaelBay.com]