This poster sums it up beautifully! 1)Megan Fox 2)Megan Fox's clevage 3)La Beef 4)and coming up a misty, distant fourth, the Transformers themselves

Hey, no one was more surprised than me that I didn't hate it with all the bile and fervor I could muster. Yes, it is a relentless, kinetic, nonsensical mess, but what do you expect from a Michael Bay movie about giant robot based of an extended toy commercial?
The plot is ... I think the kindest way to phrase it might be 'psychotically schizophrenic'. Characters appear and disappear for no apparent reason even in linked scenes. The two 'comic relief' autobots are outright offensive, and not only in a racial stereotyped way …but also painfully non-funny. Logic and continuity, both internally and from the first movie is just gone, don’t even bother trying to make it fit. LeBeef is getting twitchier and harder to watch every movie and giving him a 'funny' roommate who’s harder to watch than he is was not a wise move. And finally the movie still focuses too much LeBeef/Military guys, not enough on the robots.

Oh yeah, and the two words that will keep you up at night: Robot Scrotum.

But why did I not hate it? Because I think it was better than the first one. I REALLY didn't like the first movie. This movie mercifully dumps that idiotic Allspark maguffin idea for 'The Matrix' and 'energon' which at least are consistent with previous generations. They also seem to have made somewhat of an effort to distinguish the robots this time; I could actually tell Starscream and Megatron apart in one scene! Plus Soundwave and Ravage make an appearance, which will always be cool.
Don't misunderstand ... this is still an awful, awful thing. While I saw this in a theatre, I'm not really sure it can be called a 'film'. The plot, characters and locations change at whim; the fight scenes are nonsensical; the laws of physics are gleefully ignored (those robots are NIMBLE!); and they still seem to have a bizarre fetish for the robot's bodily fluids, this time including vomit and a prehensile tongue that is sure to play a disturbing role in Transformers slash fic for years to come.
Don't get me wrong, I'm all in favour of the summer blockbuster, but this film elevates that to a whole new level where nothing matters but a constant stream of exploding special effects and infantile humour.
It is now only a matter of time before we get "Ow My Balls! The Movie!"