Originally Posted by
GoktimusPrime
It feels like a 'soft sequel' to Transformers Prime. It has numerous indirect references to TF Prime, but not so direct that you wouldn't get it if you hadn't seen TF Prime before. Indirect references include:
+ Bumblebee being the war hero (as mentioned by DarkHyren)
+ Cybertron enjoying peace time with the Decepticon Remnant being reduced to a crime syndicate rather than a military faction.
+ Optimus Prime is deceased
+ Bumblebee speaks and is also voiced by Will Friedle
+ Starscream is mentioned at least once
As Paulbot said, it does make it more accessible to new viewers, but it doesn't feel like a complete reboot or different continuity either. :)