Word has leaked out the Michael Bay’s terrible Transformers franchise will indeed reach three movies. The third installment will hit theaters on July 1, 2011, plenty of time to schedule something else to do. Allegedly Megan Fox has signed on, and it’s a sure bet that Shia LeBouf will reprise his role as whiny dorkus with a car that’s WAY too cool for him.

However, thanks to some Hollywood contacts who must remain nameless, I already have an exclusive trailer of the upcoming flick. Watch it while you can…no guarantees how long it will stay before I’m forced to pull it.