Transformers: Revenge of the Fallen opened today.  Which means it actually opened last night, at midnight, and after those showings, it had 3 a.m. showings.  The result?  $16 million bucks already.  Only The Dark Knight and Star Wars Episode III have done better overnight business.

According to Deadline Hollywood Daily, rival studios were guessing Transformers 2 would do $10-12 million.  Heh.  If there’s this much excitement, look for a Wednesday to Sunday tally of $160 million or more.  Again, The Dark Knight is still untouchable — it made $158 million in Friday to Sunday alone — but for sure, Michael Bay’s latest flick is going to end up being the biggest movie of the summer, unless it crashes too hard in the second weekend and Harry Potter shows particularly good legs next month.  I’ll keep you updated as we get closer to the weekend.