(Update #2 5/20 11 a.m. PST: Megan Fox's publicist released the following statement to People.com: "Megan Fox will not be starring in "Transformers 3." It was her decision not to return. She wishes the franchise the best." While I don't really buy Team Fox's spin, there are two sides to every story.)
(Update 6:15 p.m. PST: AICN's "trustworthy sources" are hearing that half of the actresses in Hollywood are being considered as candidates to replace Megan Fox in "Transformers 3." They include "Star Trek" and "Avatar" star Zoe Saldana (seems too mature for Shia and really, another franchise?), "Heroes" star Hayden Panetierre (not a fan but could have good chemistry with Shia), "High School Musical" star Vanessa Hudgens (not a bad choice for the kiddies), Amber Heard (yes please!), Camilla Belle (bad actress), Emmanuelle Chriqui (worse actress) "Twilight" star Ashley Greene (who?), Julianne Hough (stick to "Dancing With the Stars," honey), "90210" star Jessica Lowndes and English model Rosie Huntington-Whiteley.)
Kerr is an Australian model whose acting experience seems to be limited to an episode of the CBS sitcom "How I Met Your Mother" in which she played herself. She's been one of the Victoria's Secret Angels since mid-2007.