I just copied and pasted this from another forum but perhaps someone can shed some light on this:
Dreamworks Contradicts Michael Bay's Statements on Status of TF2?
Statements made by Transformers Movie director Michael Bay in recent weeks in regards to the Transformers Movie sequel are being contradicted by recent statements by Dreamworks Studio, signaling that production on the film's sequel may not be moving along as was previously stated.
Michael Bay had declared earlier that character designs had been finalized, a script template had been completed and that Bay himself had written 60 pages of an outline - but now, according to an article by MTV news, Dreamworks is reporting that the project status has not been updated, and that no production office has even been set up yet for the film's sequel.










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