Do you want loud, bone-crushing action and slow motion, scantily-clad shots of Megan Fox??? Then this movie is for you! I more than got my money's worth on IMAX as well. Certainly the best way to see an action movie.
HOWEVER, the plot (or lack thereof) wandered off the path so many times, and when I thought it was going to end, it didn't, so it left me scratching my head for the last 45 minutes. And the "cheese" factor was VERY high. The emotional scene with Sam and Bumblebee, and the scene with Sam meeting the Primes was as corny as you can get!! Not enough cheese for you? Don't worry, there's plenty more to go around.
Overall, Megan Fox hot. Transformers 2 not. And now I am deaf.