To correct our previous story about Transformers 3 being slated for a July 2011 release, it turns out that Paramount has jumped the gun a bit. Director Michael Bay has agreed to a July 4th release, but like he told the suits on the phone, it was for 2012, not 2011.
Hopefully this won’t throw a wrench in Paramount’s plans. Heaven forbid they have to replace Bay with Bret Ratner instead.