I think most people here may know how to make this, but I thought it was kind of cool. I found it browsing for Photoshop tutorials I could use: http://www.kkplzthx.com/tutorials/transformers.htm
Cool find, Outlaw! I'm definitely saving that one for future reference. I kinda wish he'd given us the settings to do the Decepticon version of the logo, but I guess that wouldn't be too hard to reverse-engineer on my own.