I liked the first movie, so I caught this last night with my brother and a friend. The theatre was packed, and they had four or five separate showings at midnight. It was a fun movie and all, but I thought that the story was just a repeat of the plot in the first film. The action was good, the explosions and stuff were awesome, but that was it.
The film reminded me quite a bit of the recent Terminator, in that the story and character development were rather week. Unlike Terminator, the action in Transformers lived up to my expectations. The other thing that set Tranformers apart was the humor, which did seem quite edgy. I thought some of the jokes were a bit much for a PG-13 movie but back when I was in middle school I heard a lot worse from classmates.
I went in wanting two things: giant robot ass kicking and Megan Fox. The movie did not disappoint, but if you're going in expecting Star Trek then you're going to be let down. This had summer popcorn movie written all over it. Thankfully, if you see this and don't like it, you can see G.I. Joe in August. That'll make Transformers look like a masterpiece!