I'd like to see it in the ending, similar to that Linkin Park song in TF1. It wouldn't fit anywhere else unless they just do a Mythology Gag like 2010 Karate Kid.
Link is down at the moment but a recent interview with Stan Bush states that the Touch was going to be in the first movie but then they yanked it a few weeks before release.
I think I can live without that song. Unless Bay pulled a 180 on us and actually puts hot rod in this movie and he transforms into roddimus prime then I think I would get tingles if the touch was played
IMO, "The Touch" should stay in the 80s. The new Linkin Park-like version is awful, and I'm glad it didn't end up in the first film.