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Yeah, the title speaks for itself. Seriously, why?
It's scheduled for a 2014 release, (most likely) since the guy is trying to get work done on another project. Kinda says something when the guy himself would rather be doing something else instead of starting right away with another one of these films, doesn't it?
The Transformers film series have actually gotten to the point where even Hasbro aren't really into it anymore, considering how they pretty much stopped releasing movie toys, outside of Asian markets.