...I'm the only one who didn't like it.
I thought it was poorly edited, the plot left a lot to be desired, and I didn't really buy into some of the cheesier bits. I know, I know, it's Transformers, it's meant to be cheesy, but it was trying just a little too hard at some points. It felt a bit rushed.
The transformers got more screentime but not a lot of actual development, which disappointed my hardcore Transformers-fan friends. You really need to buy into the romance from the first film to get into it.
The CGI has got a lot better, though - you can actually see what's happening in the fights, rather than it just being kind of a blurry blob.
Overall, I think the story they had could have been told in much less time. I never found myself wanting to leave or wishing I wasn't there, but it certainly wasn't hugely immersive. I was vaguely entertained. I'd give it two stars.
*hides from the flames*