Yesterday Paramount announced that the next installment of the Transformers franchise would hit the theatres on July 1st 2011. Well it turns out that (to quote Cool Hand Luke) "what we have here is failure to communicate". It seems that the studios think they settled on that date but Bay thinks they settled on a completely different date.
This quote is pulled from Bay's official website
Wait a minute! I said I was taking off a year from Transformers. Paramount made a mistake in dating Transformers 3 - they asked me on the phone - I said yes to July 4 - but for 2012 - whoops! Not 2011!!! That would mean I would have to start prep in September. No way. My brain needs a break from fighting robots.
So it looks like we'll have to hold our breath until 2012 for our next dose of giant robots turning into stuff and/or beating the circuits out of one-another. It's possible that the studio might hold Bay to their agreed upon date, though it sounds like there is nothing in writing so it seems unlikely.