Transformers 3 gets a release date

Wow, I've been a month away and look what kind of good news I brought. :) Transformers 3 is really going to happen and has a release date. Variety says this:

Paramount and DreamWorks are forging ahead with "Transformers 3," dating the movie for release on July 1, 2011.

It's the first word of the three-quel, although Paramount insiders downplayed the importance of the move.
They said the studio wanted to claim the date before a competitor did, considering that the 2011 summer release calendar is filling up.