PeteyNorth author of Transformers Version 2.0 is finally finished writing his opus. This story has been in the writing at least 8 years. I've followed this story being written on numerous fansites that are now mostly defunct. If you want to read an epic G1 story that focuses a lot on the characters of Generation 1, and takes the best elements out of official fiction and blends them seamlessly into one story, this is for you. Here's a link to his thread: http://www.tfw2005.com/boards/transformers-fan-fiction/86313-transformers-version-2-0-a.html
Does TFW even have a fanfic section? EDIT: Moved to the existing fanfic forum RIGHT as I post. Guess it does.