After Transformers: Revenge of the Fallen’s monstrous 5-day domestic box office take of $201.2 million, Dreamworks/Paramount is going to want to fast track a third film into production and strike while the iron is hot. But will Bay hold up the big giant robots return to the big screen?

The studio has announced a July 1st 2011 release date for another sequel, but Michael Bay has been saying that he wants to make a smaller film before returning to the big robot action. And a Summer 2011 release date would mean that he would need to begin development within a couple months, and would have no break.