Well....I won't rain on the parade here, but....
Finally saw this today and...it's been a while, but if I had been by myself, I would have walked out. I haven't sat through such a groaner in ages. This was AWFUL, plain and simple.
I won't rehash all of the previous issues with it that other folks already have earlier in the thread (the lame humor, the choppy script, the way-too-long running time, the overflowing excess in EVERYTHING)...but...in a nutshell, it's now plain to see that Bay must have had extreme supervision and lots of outside feedback for the first movie...with this one, he was allowed to run rampant and hold back nothing.
Everything that was a little irritating in the first one was smack center stage in this one.....and considering the high level of success this movie saw this weekend, there's no doubt that a third one is on the way.
Some unsolicited advice for Hasbro and the producers....bring in a new director and screenwriters. It's a fun idea that still has a lot of potential...but Bay is Bay, and while he can create something that looks really good, once the action stops and the talking starts, things take a nose dive real quick.
Other than a pretty test reel for ILM, this movie was a waste...but to each their own...