Update - Michael Bay has confirmed that he will be involved with Transformers 4 with the following statement:
"Steven Spielberg and I are working on a whole new reimagining of Transformers, the fourth installment. We have been working on the idea for a few months. I’m excited about where it’s headed."
Original Story - Whether you want it or not, there will be another installment in the Transformers film franchise. Paramount Pictures has announced that the fourth movie for the robots in disguise will hit theaters on June 27, 2014.