How does it rank against the other three films? Well it's possibly the best TF movie since the 2007 original. Long, yes; occasionally incoherent, (Mark Wahlberg seems to ignore full stops in his script), and it features some awful CGI - the enemy robots are made from gravity-defying blocks that appear to have no weight or heft, making them look like a bad video game cut scene.
The question is, where has he gone? These words don't come easy, but Martin Scorsese, at this current juncture in cinematic history, has disappeared. Once a maestro film-maker who advocated anarchy of the soul - see De Niro's Johnny Boy in Mean Streets or Joe Pesci in GoodFellas - Scorsese delighted in holding up a mirror to America's underbelly, and he did so with that most subversive of narrative tools: humour.
With the internet threatening to alter the fundamental act of distribution that has laid dormant since the advent of home video, it requires a glance all the way back to the late 1960s to find a time when Hollywood's tried and tested means of dominating the film business was so similarly threatened.
After some notable successes in the 1990s ... studios seemed to lose their nerve when it came to delivering big budget bonanzas. Subsequently, fans have been fed a constant regurgitation of films from those glory days, in the form of prequels, sequels, remakes and reboots. If none of those words mean anything to you, then you evidently haven't been going to the cinema for the last 10-years.
As for Spielberg's intentions to once again adapt a lost Kubrick masterpiece, the uninitiated may smirk, but there is still no questioning his skill as a director. In fact, while Spielberg could have benefited from his colleague's artistic prudence, his powers as a producer and his ability to get projects made are second to none.