I know storylines and "action" movies dont go together, but for all the storylines that the original Transformers show had, you could atleast make it more to that, then to that of an episode of Veronica Mars or Dawsons Creek.
I know you gotta go off on tangents sometimes, but make those tangents part of the Transformers, not about playing video games in your Grandma's house with your fat friend, or giving Jon Voight more airtime then "Prime" himself.
The more I think of the movie, the more it just seems like M.Bay took his Pearl Harbour script, and inserted robots instead of Kamakze and US fighter pilots. Everything else was pretty identical. Hell, even Jon Voight had the same air time in both movies =)