Yes, it's the same technology as Spiderman next door, but Transformers the ride has a few tricks up its sleeve.
The visuals are crystal clear, the motion of the cars is in sync with all of the action, and the elevator lift which takes you to the 2nd level and back down is barely noticeable.
The line moves relatively quickly, but if you opt for the single rider line, make sure it doesn't stop right at the entrance. Otherwise, you're better off standing in the regular line.