The press release revealed the game will function as an origin story for the Transformers and will feature separate campaigns for the Autobots and Decepticons. The setting is the planet Cybertron before contact is made with the planet Earth. The plot start during the Decepticon campaign and continues to the Autobot campaign, but players have the liberty to choose which campaign to play first.
The game will also feature on-line co-op and head-to-head multiplayer. Developed by High Moon Studios and published by Activision, the game would be released for platforms Microsoft Windows, XBox 360, PlayStation 3, Wii and Nintendo DS. The game utilizes Unreal Engine 3, so expect breathtaking visuals and graphics similar to Batman: Arkham Asylum and Gears of War 2.
The expected release date is June 22, 2010.
Below is the (awesome) trailer: