Megan Fox is already on the set of Michael Bay‘s Transformers 3 as the recently released set photos prove. In the combined photos, Megan Fox is wearing a classy outfit and is with an assistant of some kind. Also in the photo is Bumblee’s yellow car incarnation adorned with Autobot insignias. I still like Megan Fox’s “Competition” Motivational Poster on our Film-Book dot Com’s Flickr Photostream better though. What’s your opinion on that poster versus these Transformer 3 set photos? I freely admit that I was entertained watching Transformers: Revenge of the Fallen, even though it was littered with a myriad of script problems. I had no idea cameras had started rolling on Transformers 3 until I saw these pictures. Transformers 3 is scheduled for release on July 1, 2011.