...and the initial results seem far too good for the material (at least to me). Here's the story from Deadline New York:
Michael Bay has added some quality actors to Transformers 3. He has set John Malkovich and Frances McDormand to join Shia LaBeouf and Megan Fox. McDormand will play a big role, the National Intelligence Director. Malkovich plays Shia's character's first boss. That promises to be interesting. Also aboard is Ken Jeong, from The Hangover. Pre-shoots start next month, and shooting is set for Los Angeles, Chicago, Washington, D.C., Florida, Texas, Africa, Moscow and China.