Rotten Tomatoes have posted an interesting update for TF2:

"I've been writing Transformers 2," said Bay. "We've got our characters all designed. I always write all my scripts, my movies anyway so at least I've got something to give the writers. It's like a template. We have a really good outline so I worked on that."

I really feel for the poor writers who will have to make Bay's story usable.