We reported back in March that Bay was aiming to take a yearlong break from the series. The studio was proposing a July 4, 2011 release date and Bay said he wanted to make the film for a 2012 release. Now, apparently, he is done with the franchise completely and, when asked if he would come back for a third film, he said the studio would have to look elsewhere for a director.
"After the three and a half years I've spent making these movies, I feel like I've had enough of the Transformers world. I need to do something totally divergent, something without any explosions."
CLICK HERE to read more and we'll definitely keep you posted on these new developments as soon as more information arises.
UPDATE: (6/18/09 6:15 PM PST) Michael Bay himself recently posted on one of his message board threads that the story is untrue. Here's the message Bay left on his message board.
Love press how they spin. Never said it - just wanted a vacation is more to the point. And no I don't read the good or the bad reviews.