Its seems that Lester Speight, who will play Hardcore Eddie in Transformers 3, has either being lying or misleading fans in order to promote the film. How he did this you ask, by claiming the budget of TF3 was over $400 Million and getting higher.
That is according to Michael Bay:
"...[Lester] has no clue about much, other then to try to get internet hype. He's been on the movie a total of 10 days the guys is just letting his ass talk. Movie is $ just above Revenge. He knows not to talk about this movie!"
So it seems we shouldnt expect many more action sequences than Transformers: Revenge of The Fallen.