
These are pictures from Hishashi Yuki's Twitter (TF Yuki) of the upcoming TED-11 Big Steeljaw and below you can see the difference between the Takara and Hasbro releases.

While the 3 steps may be for a younger audience, they are still engineered by Takara (3 step Grimlock and Bumblebee are done by the same guy who made MP 10) and I like how they show great pride in their accomplishments throughout the line, regardless of the amount of steps it takes to transform.