I read the script and then spoke to a friend of mine who worked on the movie and it's legit. My thoughts are that it is EXACTLY what I anticipated when they hired Michael Bay. A series of very cool action sequences connected by a chain of cliches, a thin plot, and without any perceiveable depth or even a good over-arching theme. You'd think people would watch SPIDER-MAN or X-MEN and learn the lesson that people expect more than just great effects and a good thrill ride. They do not, however, and this will be a very forgettable film. Expect an amazing trailer, good opening box office, and quick drop off the following weekend. Such a shame.
Now, onto happier news - where do I get Jetfire? That thing makes me giddy.