As far as whether he'll be directing a third Transformers film, Bay smirked and issued the standard "wait and see how the second one does" reply. Remember how Paramount jumped the gun and announced a summer 2011 release date for the third installment? Well, Bay reiterated his earlier claims that the studio made a mistake and was perhaps claiming that date so they had it locked in before deciding exactly what to put there. If a Transformers 3 does happen, look for it to hit theaters in 2012 instead. On Transformers: Revenge of the Fallen, Bay talked a bit about the IMAX portions of the film, as well as the final budget -- which came in four million under the planned $200 million, leaving some additional funds for extra effects work.
You can watch a video of the press conference with Bay over at Collider. Transformers: Revenge of the Fallen hits theaters on June 24.