Dreamworks and Paramount Pictures are combining forces with Hasbro to bring the live-action Transformers movie to the world in 2006. Steven Speilberg is attached as Executive Producer, with Lorenzo di Bonaventura ("Constantine"), Tom Desanto (X-Men & X2), and Don Murphy ("League of Extrodinary Gentlemen") as producers.
More info available at TFW2005 and Transfandom
More info available at TFW2005 and Transfandom