According to a Variety, Transformers 2 did not make the writer's strike deadline. This deadline refers to a writer's strike that may or may not start tomorrow. If a final script had been submitted, production on Transformers 2 could have been scheduled and started regardless of if the strike started or how long it lasted. Without a finalized script, only so much pre-production work can be completed.
For something as CGI heavy as Transformers the extra time probably will be a relief pre-production wise as gives them time to work on models and the like but if the strike goes to long (or the actors and directors strike next June) AND the studio sticks to its June 2009 release date then the time has to be eaten from somewhere and that means post-production could experience a time crunch to complete the film. Realistically, the only way for the film to meet its release deadline is either no strikes occur or if they do, they last only a month or so. Anything longer and I don't see how it couldn't effect the proposed release date. A more detailed analysis from me is here.
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