I liked the first movie a lot. I thought the CGI action scenes were really well done at the time, and I went into the movie expecting a big actiony schlock-fest, which is exactly what it was. The second movie came out and everything I heard about it was negative so I never saw it. I don't have anything against it or the franchise, but I probably won't ever see it, or the third one, or however many others they come out with.
tl;dr: I liked the first live-action Transformers movie.
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