Optimus Prime ready for action
The Los Angeles Times is reporting on the comings and goings of Hollywood moguls Stephen Spielberg, Jeffrey Katzenberg, and David Geffen with their company Dreamworks SKG and dropped this nugget of info:

Even if he leaves, Spielberg will remain the crown jewel of the acquisition [of Dreamworks by Viacom] for many years. He and director Michael Bay have signed on to make “Transformers 2,” scheduled to hit theaters in the summer of 2009.

Bay has been iffy on whether there’s time to make the movie before the strike, and producer Don Murphy has flatly stated as much.
Strike or not, they all want to see the Autobots back, and so this movie will get made. If there’s no strike in June 2008, you can expect Transformers in 2009.