Over on his official blog, Michael Bay has announced that Transformers 3 will arrive in theaters on July 1st, 2011, not 2012 as others (including Bay) had speculated. Originally Bay had wanted to take some time off from Transformers to shoot a smaller film called Pain and Gain, though someone or something (a giant pile of money, perhaps?) convinced him to instead bang out a third Transformers movie and then move on to his passion project. Bay says that today is Day One on Transformers 3 pre-production, and it started with a five-hour meeting at ILM in San Francisco and will continue as Bay flies to Rhode Island with screenwriter Ehren Kruger to meet with Hasbro and discuss new characters.

As far as Megan Fox and their War of Words is concerned, Bay had the following message for her: "P.S. Megan Fox, welcome back. I promise no alien robots will harm you in any way during the production of this motion picture. Please consult your Physician when working under my direction because some side effects can occur, such as mild dizziness, intense nausea, suicidal tendencies, depression, minor chest hair growth, random internal hemorrhaging and inability to sleep. As some directors may be hazardous to your health, please consult your Doctor to determine if this is right for you."

So it looks like the whole gang will be back for another go-round. What do you think? Can Bay and Co. possibly make the third installment any bigger than the first and second? You think we'll get Transformers 3D? Sound off below ...