Rotten Tomatoes has the following article on Transformers 2.
Michael Bay went through the wringer with the fanboys on Transformers. He addressed every concern -- early designs, scripts, remaining faithful to the source material -- and delivered a movie that won over most audiences, grossing nearly $320 million in America alone. But with Transformers 2 in development, Bay isn't taking any more lip service.
"One thing I do know is I know how to screw them up more," said Bay. "We're going to leak a lot of false information all over the place. I now know their game. They're going to get a lot of script treatments that they think are going to be the script. They will never see the script. We've got scripts and treatments written up that we're going to leak. No one's going to know."
Scoopers who currently think they're sitting on a hot one, here's a head's up. "There's one out that's fake right now. There are going to be many others."
In the days leading up to the writer's strike, Bay was in the trenches working on the sequel script. "Every day now. I'm excited about it. We've got Alex [Kurtzman] and Bob [Orci], the original writers, and we've got Ehren Kruger (Blood and Chocolate, The Ring), who's a new writer coming in. We have three very good writers."