VARIETY [1] is reporting that Michael Bay's next project, TRANSFORMERS 3, might be getting the 3-D treatment at Paramount with help from Industrial Light & Magic.
The extra time it would take to produce the film in 3-D is the only real stumbling block at this point. The third installment is scheduled to hit theaters on July 1, 2011.
Links:
[1] http://www.variety.com/article/VR1118014618.html?categoryid=13&cs=1