Yes, this is based on the Michael Bay Transformers. So there are silly sharp robot designs and stupid humans. But, relative to those handicaps, this shooter still looks like a blast.
By Sega, it's called Transformers Human Alliance. It's an old-fashioned arcade on-rails shooter, but again, relative to that genre, it's looking impressive and sounding heavy.
The highlights, though, are the Engrish voice actors. I guess the Decepticons really would be good at extreme sports, now that you mention it.
I mean "arcade" literally, too; this is an arcade cabinet, not a home game. Note though it's currently in testing, so it may never actually make it to an arcade near you.