The Movie Blog says that AICN says that it's down to Roland Emmerich, or Michael Bay for director of the Transformers live action movie. I really hope neither of them get it. We don't need Y.A.A.M. (yet another action movie). Transformers is deserves much more than anyone who directed Godzilla and Pearl Harbor can muster. I think someone should start a petition.
Update: Cinema Confidential says Bay is in. Crap.