concept of a Transformers MMO is one that's attractive to a lot of fans.
It looks like those fans will be getting their wish -- Chinese game developer Net Dragon has entered a licensing agreement with Hasbro to produce that very thing. The news is very recent, of course, but we have a few important details. The game is scheduled to launch in 2011, and will be available in "China and Asia, including Russia, the CIS member states, the Middle East and North Africa region."
There's no word on release in other areas, but we'll keep our eyes open for more news. For the time being, you can check out the press release on the Net Dragon site (English translation).