It's official : there will be a third Transformers movie. Despite critical lambasting and lukewarm audience reaction, there was never really any doubt that another film in this franchise would be made. Now, director Michael Bay has announced the movie's release date on his blog, penning: We have a great Transformers 3 story. The release date is now July 1st, 2011. Not 2012. Today is Day One. This morning started with an ILM meeting for five hours in San Francisco. Currently I’m flying w