The first Transformers film wasn't bad and wasn't great, the Sequels really really went steadily downhill. Michael Bay should never have been allowed anywhere near that franchise. He is not a good director and certainly not good at story teller.Yeah this is what I mean-the cheapness is made up by Corman, Richard Matheson, etc.
With a film like Transformers you have a higher budget for FX but that positive is is negated by the input of Bay, Orci and Kurtzman among other things. It's not a win win.