NetDragon, the Chinese developer tasked to bring EA’s Dungeon Keeper franchise to the MMO arena, is also working on a Transformers MMORPG for 2011 release. As of now, NetDragon only plans to publish Transformers Online in China, and other select markets in Asian, Russia/CIS, and MENA. Of course, you can never rule out the interest of a western publisher, especially with a brand as big as Transformers.
Source: Transformers MMO rolling out in 2011