Director Michael Bay's official website received a little update from a guy named Nelson who spoke with Bay about his upcoming projects. Here are the updates.

- He will be meeting later this week with Steven Spielberg, and Ehren Kruger to discuss ideas for Transformers 3. By the end of the week he should have an idea if Transformers 3 will hit your local cineplex in the summer of 2011 or 2012.

- In the meantime "Pain & Gain" is looking very possible as is...

- ...Bad Boys 3. Either film coming to a theater near you before or after Transformers 3.

We'll certainly keep you posted if any story details on Transformers 3 or any of Bay's other projects come to light.