According to FirstShowing.net, 3D nay-sayer Michael Bay is Shooting Transformers 3 with PACE 3D Cameras. 

This, of course, gets the “Can’t transform 2D into 3D” crowd into a froth. It also further sets in stone the term: Native 3D. 

But also in a froth are the Pirates of the Caribbean fans who are goaded with the same source quotes from Vince Pace (All this from Marketsaw):

“Trying to lay low and do what I do best. We took delivery of the first Alexa cameras for Hugo and have 23 more on the way. Transformers has also signed on to shoot 3D throughout the film. I am working on a big Disney film but can’t mention the name and are lining up five more films. Just wrapped on additional photography for Resident Evil and Tron. Currently in Hawaii and flying out to London for Hugo.”

Pace has one of those fancy websites (PaceHD) which doesn’t really say anything beyond the hype, but they have done good work. Maybe they’re aiming for an IPO like that other 3D-centric company, RealD.