Transformers is holding it's own. I'm impressed. I'm happy for Michael Bay most of all who get's too much flack for making fun movies.
I enjoyed the movie and I'm happy for Michael Bay too, but I still hope he doesn't direct the sequel. I'd rather Speilberg do it. Bay's constant cut-away action shots give me a headache in large doses, and tend to make things a little less "epic" - like the Prime vs. Megatron battle, which was 3 seconds here and there (very little continuous screen time).
....AWESOME