Anyway, on to the important bits....
I liked the movie. It was a LOT of action. The Twins was not nearly as annoying as the reviews I read lead me to believe. There is a plot. And it seems pretty true to the cartoon. I also like how the roll of Sam is growing and he is getting a backbone.
The most annoying character from the first movie, the secret agent, is back, but he isn't nearly as annoying this time around.
There are a few plot holes wide enough to drive Optimus Prime through, like... Where did the extra transformers that were called in from come from? Why did the Primes hide the matrix instead of killing The Fallen?
Some of the action was confusing to watch. As robot limbs fly past the screen you aren't always sure which body part belongs to which robot.
Oddly, President Obama was mentioned in the film, and they make him look like a chump based on his mistrust fo the Autobots and his choice of person to oversee them. Is Michael Bay a Republican? I suspect he is.