If Activision plays this smart, they take in Melbourne House. Which is quite realistic now that Atari has gone and put them on the market (well, sorta), along with their other dev-houses. It saves the studio, the talent and we might get a good if not better TF game. The foundation has already been set, the ideas for the sequel are already there (more TF to choose from was one idea, and the ability to play as both Autobot and Decepticon was also mentioned) and there's a great and awesome engine that they can use.
We'll just have to wait and see how this plays out, but I'm kind of afraid that it would give the Transformers a bad name. Just when they got out of the gutter when it came to games. Melbourne House ftw!