Shia and his passenger/co-star Isabel Lucas were hit in the early morning hours of July 27 by another driver who had run a red light in Los Angeles. LaBeouf underwent surgery on his hand to repair damage caused by the accident. Reports in late July said that it would take a month before LaBeouf would be back on set, but that appears not to be the case.
DreamWorks/Paramount is targeting a June 26, 2009 release for Transformers: Revenge of the Fallen.
Source: Entertainment Tonight, Film School Rejects