straight from the mouth/mind/message board of Don Murphy, producer of the forth coming live action Transformers movie, he provides the following update:
"Hey there here's what we got----
Transformers- we're cloing in on a writer and choosing to go with a younger guy who grew up with the mythology.like all of you fans. Should be announced in the coming weeks. Dreamworks and Spielberg very much still want the film for Summer '06 so it'll be hard- but GOOD."