reports that Michael Bay has snatched up a script by rookie scribe
Bobby Glickert that has to do with alien abductions to produce for
Paramount.  Nothing else is known about it, not even the title, which
is going by Confidential Alien Project. Glickert came up with a treatment and two-minute teaser for the project, which attracted Bay and Platinum Dunes.  They’re currently shopping for writers. 

Bay is currently filming Transformers 3 in Chicago and has a plethora of projects on his production plate including I Am Number Four, Fiasco Heights and the TV series Cocaine Cowboys.  The project that has me interested though is the Untitled Jerry Bruckheimer / Michael Bay Project.  That has cinematic gold written all over it.