I'm a big transformers fan, even have a nice sized collection of the old toys on my shelves. I share some of the doubts that some have in a live-action movie, but I've resigned to the fact that this movie will not at all be anything like the show I used to watch. Keeping that in mind, I think I will enjoy the movie.
What I'm happy about is that Transformers is back in mainstream news, and will perhaps create a new generation of fans.
With this movie coming out, coupled with the success of TMNT, a whole slew of other forgotten franchises are being re-made for the big screen. A producer of Transformers has stated he will begin work on a live-action G.I. Joe movie with the possibility of Mark Wahlberg as Duke. A Smurfs CGI movie is being set to be produced shortly. Voltron, Speed Racer, Astro Boy, Battle of the Planets, and other old franchises are apparently in the works.