Well, don't we all feel a little silly. Transformers: Revenge of the Fallen, the movie that received the most hysterically negative reviews of 2009 opened to by far the year's biggest numbers -- $201 million since Wednesday, according to estimates. That's just a couple million shy of the first-five-days-of-release record set by The Dark Knight, though that movie opened on a Thursday. (It's tough to truly compare opening weekends of mega-blockbusters these days, since God knows on what day of the week they all hit theaters.) I hope everyone is looking forward to Transformers 3, where Autobots will discover fart jokes.

The only movie to dare take on Revenge of the Fallen in wide release, was the Nick Cassavetes weepie My Sister's Keeper, which opened to a respectable $12 million -- almost as strong as Cassavetes' The Notebook, though unlikely to be carried to an $80 million cume by good word-of-mouth. Year One took a big tumble, falling off 70% its middling opening; I guess Michael Cera and Jack Black aren't quite the automatic draw that battling cyborgs are. And The Hangover continues to ride a wave of audience goodwill; it will likely have reached $200 million by this time next weekend.

As for your weekly Up v. Finding Nemo update -- it's still neck-in-neck, with Nemo ahead by about $3 million after five weeks of release. If this weekend's heftier drop-off for Up is any indication, it may be starting to lose a little steam, which would mean that Nemo would get to hold on to the Pixar crown.

The full top 10 after the jump.

Indie Roundup reviews the past week of news from the independent film community and provides a peek at what's coming soon.

Openings. This weekend will finally see the release of Kathryn Bigelow's The Hurt Locker, an extraordinary, ticking time bomb of a movie. Michelle Pfeiffer returns to the screen in Stephen Frears' "scandalous romp" Cheri. The very timely Iranian tale The Stoning of Soraya M., which just played the Los Angeles Film Festival, should ignite further discussion. Afghan Star features four women who (literally) risk everything in a televised singing contest.

Box Office. Woody Allen's Whatever Works performed just fine, pulling in $29,574 per-screen at nine locations. The re-issue of 1947's Brighton Rock (a very good film starring Richard Attenborough as a small-time hood) drew $10,626 at one theater; Nazi zombie flick Dead Snow scared up $5,363 in business. Several films expanded: Duncan Jones' Moon to 21 theaters ($8,541 per screen), Francis Ford Coppola's Tetro to eight locations ($7,176 per screen), and Sam Mendes' Away We Go to 132 theaters ($6,600 per screen).

Deals. Our friends at indieWIRE provided details on the acquisition of Stanley Tucci's Blind Date (due in theaters late this summer or early fall) and West of Pluto, directed by Henry Bernadet and Myriam Verreault. Pluto screens tonight at the Los Angeles Film Festival (LAFF).

Trailer. Also screening at LAFF this week is Bob Byington's Harmony and Me, which revolves around a 20-something musician (Justin Rice) who still pines for his dearly departed girlfriend. The film has been showing up at festivals all over the place, and the trailer has a good, bouncy vibe.

After the jump: Watch the trailer for Harmony and Me! Plus, more on LAFF.

I have to imagine Sandra Bullock is in a pretty good mood since The Proposal gave her the strongest opening weekend of her career. Year One got off to a so-so start, with holdovers The Hangover and Up forcing the prehistoric comedy into fourth place. Here's the top five:

1. The Proposal: $33.6 million
2. The Hangover: $26.7 million
3. Up: $23.4 million
4. Year One: $19.6 million
5. The Taking of Pelham 1 2 3: $12 million

Two wildly different movie coming out this week:

My Sister's Keeper
What's It All About: When a young girl (Abigail Breslin) learns she was conceived to create a compatible bone marrow donor for her ailing sister she sues her parents for emancipation.
Why It Might Do Well: This is a smart bit of counter programming since the audience for this movie will probably not intersect with the Transformers crowd. Right now there's a 100% rating at Rottentomatoes.com, though only five reviews are in.
Why It Might Not Do Well: The plot seems pretty heavy for a Summer release.
Number of Theaters: 2,600
Prediction: $9 million

Transformers: Revenge of the Fallen (Opens Wednesday)
What's It All About: Michael Bay directs this big budget special effects sequel about giant alien robots using Earth as their battlefield. Much of the original cast returns including Shia LaBeouf and Megan Fox.
Why It Might Do Well: In addition to having all the effects, action and explosions a Summer blockbuster requires, the first film in the franchise had a $70 million opening weekend and went on to gross $319 million domestically.
Why It Might Not Do Well: A lowly 22% at Rottentomatoes.com.
Number of Theaters: 4,000
Prediction: $98 million

If you don't know your Megatron from your Optimus Prime, join the club! Most giant robots look all the same to me, and the first Transformers movie felt like a comedown for Michael Bay after the gleeful insanity of Bad Boys II. Still, I've gotten a kick out ot reading a few of the reviews, like the one penned by our own Todd Gilchrist, as well as the harsh critical takedowns by Roger Ebert and Manohla Dargis. And now I'm wondering how Transformers: Revenge of the Fallen will perform at the box office. Can it possibly recoup its huge production and marketing budget? How big is big?

The movie is off to a running start, earning an estimated $16 million from midnight screenings last night, according to Variety. That's less than The Dark Knight's $18.5 million last year, but Variety notes the Batman flick "had the advantage of opening on a Friday" and that Transformers 2 had "the best midnight run ever for a movie opening on a Wednesday." Transformers made $8.8 million on its opening night (Tuesday at 12:01 a.m.) in 2007 and went on to earn $146.6 million in its first six full days of screenings, including the July 4 holiday, per Box Office Mojo.

The record to beat for the first five days of release is $203.7 million, set by The Dark Knight. Can Transformers: Revenge of the Fallen get anywhere near that record? Take our poll and let us know: How much will it make in its opening five-day weekend?

It may have seemed like an "off" week by summer standards in terms of releases, but two debuts and two strong holdovers meant that four films grossed $20 million or more, which is rare for a non-holiday weekend. The top dog, surprisingly, turned out to be The Proposal, which rode a genial marketing campaign and a set of sneak previews to $34 million dollars -- Sandra Bullock's best opening weekend ever, by far. (Related question: did Bullock "open" this movie? I'm inclined to think not, though it's a perfect role for her.)

Year One is a bit tougher to read. Certainly with the Cera/Black/Ramis combination, it was expected to open bigger. Generally poor reviews didn't help; I haven't seen the film, so I'm a bit handicapped in the analysis. If I had to guess, I'd say that people saw it as a bit of a novelty item. Silliness can be hard to sell if it's not low-brow.

But the weekend's real story, I'd say, is once again The Hangover, which stuck around in second place after dropping less than 20% in its third weekend. It's hard to find a precise analogue for it at this point; Box Office Mojo stretches with "R-rated summer comedy breakout," which category it will dominate after it speeds ahead of Wedding Crashers in about two weeks. The movie did add nearly 200 new screens; still, when people talk about word-of-mouth giving a movie legs, this is what they're hoping for.

Meanwhile, Up is now pretty much running neck-in-neck with Finding Nemo for the title of highest-grossing Pixar release. It will be close.

The full top 10 after the jump.

Indie Roundup looks back at the past seven (or, sometimes, eight) days of news in the indie film community, along with a peak ahead to what's coming soon.

Opening. The highest-profile "indie" is Woody Allen's Whatever Works, wiith Tatia Rosenthal's stop-motion animation feature $9.99, Francois Velle's NYC drama The Narrows, Andy Abrahams Wilson's Lyme disease doc Under Our Skin, and Tommy Wirkola's Nazi zombie flick Dead Snow vying for attention on a limited number of screens. On the festival circuit, CineVegas drew to a close on Monday (Eric D. Snider covered it for us), the same night that Silverdocs opened in Silver Spring, Maryland. The Los Angeles Film Festival starts tonight and the New York Asian Film Festival kicks off tomorrow.

Box Office. Last weekend saw several strong openings, with Robert Kenner's doc Food, Inc. leading the way ($20,171 per-screen), followed by Duncan Jones' sci-fi drama Moon ($17,006 per screen), and Francis Coppola's family drama Tetro ($15,252). The doc Youssou N'Dour: I Bring What I Love ($10,866) and Le combat dans l'ile ($10,217) also debuted nicely, while the expansion of Sam Mendes' Away We Go brought in good business ($12,463). Daryl Wein's very informative AIDS activist doc Sex Positive drew $3,408 at one theater.

Online Viewing. How about a doc about a doc? Keir Moreano's documentary As the Call So the Echo follows an American doctor who unexpectedly finds himself in Vetnam after he decides to donate unused medical equipment. The film is available for free streaming at Babelgum, courtesy of the good folks at Cinetic.

After the jump: How will AFI Dallas the Dallas International Film Festival fare without AFI?

To some, it was a surprise upset: the week-old The Hangover outgrossed the brand-new The Taking of Pelham 1 2 3. Or, in other words, the film with no stars beat out the film with two humongous stars. It's easy to look back over the past 12 months and find similar trends. Star Trek is currently the year's biggest smash, with no stars. (I'm using the term "stars" here very loosely; I'm talking, big, big stars, known the world over.) Likewise, Slumdog Millionaire, Up and Watchmen were all big hits with no big stars. We could argue that stars like Hugh Jackman, Tom Hanks, Ben Stiller and Christian Bale have been in hits this summer, but you could also argue that they're all in sequels that have sold because of other factors.

Some stars seem unstoppable. Will Smith, for example, rarely stars in a film that grosses less than $100 million, and when he does, he gets an Oscar nomination for it; the exception, last year's Seven Pounds, even managed to turn a profit despite the fact that nobody liked it and it disappeared before anyone could blink. And you could hardly argue that Gran Torino would have been much of a film without Clint Eastwood. Indeed, most of the big hits of the past year and a half have had big stars in the cast, but relying on a star and a star alone to carry your film seems to be a thing of the past. There needs to be a big concept or a selling point that's as big or bigger than the star. What do you think, dear readers? Is the star system obsolete? Are there stars you adore so much you'll see anything they're in? Or do you go to the movies for other reasons?

The Hangover is officially the summer's biggest breakout hit. Its closest analogue is Wedding Crashers, which, four summers ago, was carried by positive word-of-mouth to a final gross nearly seven times its opening weekend. The Hangover has bigger raw numbers, but its second weekend drop -- 25% -- is comparable. For a film that opened to $45 million, and without any sort of holiday boost, that's pretty remarkable. It will have some competition next weekend in the form of Year One, but it may not matter much; its word-of-mouth appears to be the stuff that dreams are made of.

Pixar's Up is also going gangbusters in second place. It is now running a mere $4 million behind Pixar box office champion Finding Nemo. At this point it's anybody's game.

The weekend's two wide openers -- The Taking of Pelham 1 2 3 and Imagine That Imagine That opened pretty much to expectations. Pelham did a respectable $25 million, which is pretty close to previous Denzel Washington-Tony Scott collaborations (Man on Fire and Deja Vu). And Imagine That's $5.7 million pretty much precisely mirrors the opening of Eddie Murphy's Meet Dave this time next year. Murphy really needs to do something to shake things up a bit.

The full top 10 after the jump.

Before we look back at the past week, let's peak at what's opening this weekend: Francis Ford Coppola's family drama Tetro; Duncan Jones' sci-fi trip Moon; Daryl Wein's AIDS activist doc Sex Positive; Tommy Wirkola's Nazi zombie flick Dead Snow; Robert Kenner's appetizing (maybe) doc Food, Inc.; and Chai Vasarhelyi's music / tolerance plea Youssou Ndour: I Bring What I Love (poster and more info after the jump).

Box Office. Opening in four theaters, Sam Mendes' Away We Go scored a smashing $32,603 per-screen average last weekend, according to Box Office Mojo. The road trip comedy / drama, starring John Krasinski and Maya Rudolph as anxious, expectant parents searching for a place to raise their family, far outpaced other debuting indies, which had, on their own terms, decent returns: Seraphine ($6,640 per-screen at four theaters), Unmistaken Child ($6,293, one screen), and 24 City ($6,082, one screen). Our critic William Goss feels that Away We Go is "easily among the very best films that the year has offered so far." I was less impressed; the real test will come as it expands over the next couple of weeks.

Deals. Our friends at indieWIRE have details on the recent acquisitions of Laura Gabbert and Justin Schein's doc No Impact Man, due September 4 from Oscilloscope; Jonathan Parker's comedy (Untitled), due September 18 from Samuel Goldwyn Films; and Kenneth Bi's The Drummer, due this fall from Film Movement.

Online Viewing Options. New selections at iTunes Movie Store include Bob Odenkirk's comedy Melvin Goes to Dinner; Scott Smith's dysfunctional 60s family drama Falling Angels, with Miranda Richardson; and Mike Akel's mockumentary Chalk, which school teachers have assured me is very funny (it drove me this former bad student nuts).

After the jump: CineVegas, the "Mile High Mutiny," and a sweet-looking poster.

Up's 35% second-weekend drop -- allowing it to barely hang on to first place with $44.2 million, at least according to Sunday estimates -- is remarkable, placing it very nearly in Finding Nemo territory. (It's currently running around $7 million behind Pixar's highest grosser.) I am loving Up's success, not just because it's a terrific film, but because it has the least obviously commercial concept Pixar's ever tackled. (Though, as I mentioned last week, Wall-E -- which Up will now surely top -- is actually the more challenging film.)

The Hangover, meanwhile, rode great buzz and good reviews to $43.3 million, which is the second highest opening weekend ever for an R-rated comedy, behind American Pie 2. (Unless you subscribe to the ludicrous notion that Sex and the City is a comedy, in which case it's third.) If you've seen the movie, you know why it's been rapturously received. If you haven't, you should.

On the other hand, Land of the Lost was punished by reviews and a muddled marketing message, landing in 3rd place with $19.5 million. The folks at Universal tried hard to push this into the summer blockbuster A-list, but I think they would have been better off pushing it as what it is: an above-average Will Ferrell comedy. As it stands, the funny film got its ass kicked by Semi-Pro, which is sort of unacceptable.

Drag Me to Hell had a disappointing second weekend, with hopes that good word-of-mouth would help it overcome its weak opening weekend evaporating. I suppose the movie was likely inexpensive enough that its $40-million-or-so domestic final won't be seen as a total bust.

Nia Vardalos' half-hearted comeback attempt My Life in Ruins grossed $3.2 million in 9th place, which is... exactly how much Connie & Carla made in its first weekend in 2004. Oh well.

The full top 10 after the jump.