The models faithfully reproduce those from the new movie and they look good. Actually, I would say that when it comes to the graphics, I have no complaints.
Unfortunately, I can't say the same about the sound in Transformers: The Game. Specifically, there are vocal instructions that remind you where to go when you have a new mission and, while my memory may not be what it used to be, even I found the almost instant repeating of the exact same phrase (for that matter, the exact same sound clip) to be somewhere between irritating and insulting.
As for the sound effects and music, these did the job of supporting the game without being distracting, but the nagging at the beginning of each mission (or sub-mission), unfortunately was, at times, quite distracting. Characters from the movie reprise their voice-acting roles in the game, so it all sounds right.