Transformers 3 was officially announced on the blog of Micheal Bay, director of the first 2 movies. Bay was unsure if he was going to sign on for the third installment in the series as he has other projects he would also like to work on, hopefully Bad Boys 3 is one of them. The movie is scheduled for release on July 1, 2011, meaning moviegoers will need to wait nearly 2 years to get more giant robot action. Bay said that he was meeting with Industrial Light and Magic today, and that he was also meeting with lead writer Ehren Kruger. Bay has also stated that there will be a “great story,” so this movie is definitely something to look forward too.