Originally Posted by chaseter
Del Toro, Peter Jackson, and Abrams have their plates full for another 3-4 years so they won't be on board with Transformers. Wachowskis..maybe but they are more into making their own, not continuing what someone else started.
Peter Jackson as an executive producer/producer is completely tied up to tons of projects but when it comes to directorial gigs he is finishing up The Lovely Bones and everything else ahead of him is still tentative and aren't even in the early stages of production for the exception of the Tin Tin film which he needs to direct after Spielberg releases his take on the character first.
Meaning its not a complete loss when it comes to him possibly directing the third Transformers film if Paramount choose to approach him. Although its a long shot and Timstuffs suggestion of Louis Leterrier seems far more possible.