I liked it, not loved it. There were holes big enough to drive that Destructicon monstrosity through but I'm also not expecting Oscar material or something with a deep, compelling storyline.
Fools who look for that are just that, fools. It's a popcorn summer action flick. These are not known for having plot, storylines, character development or intelligence in abundance. If you want to go watch robots fight, lots of explosions and crude jokes, it'll entertain you. Otherwise prepare for disappointment.