I went into this movie with a fairly open mind. I'd had a year to digest the absolutely brutal character designs and had gotten a little used to them.
Anybody who knows me personally knows that I'm a huge G1 Transformers fan (bigger than Joe, or anything else really) That being said, despite the extremely shoddy treatment that my favourite Autobot received, I enjoyed the film immensely. I always liked the idea of portraying the TF's as "robots in disguise" and not "robots in epic conflict" *cough*... stormbringer... *cough*
Hearing Cullen as Prime was good fun. Probably the key to the whole movie for a fanboy like myself.
Megatron was legitimately scary. Kudos for that.
Right now I'm trying to decide whether I want to spent $26 for the DVD on release day, or wait two weeks for it to drop down to the 2 for $30 section at HMV.

Also, is it just me, or was Megan Fox caked in grease for the entire film? Kinda gross if you ask me...