Transformers 2: Does Fallen Get His Revenge?

Since Hasbro announced the new name for the Transformers sequel a couple days back, fans have been trying to connect the title, Transformers 2: Revenge of the Fallen with the mythology presented in a 2002 comic book mini-series. Since the first rumblings I've just assumed that the character known as Fallen and the new film probably weren't connected. I mean, if Michael Bay was at all interested in the established Transformers mythology, why choose this over the older and more established history? It's like deciding to make a remake of Back to the Future where Biff's friend with the 3D glasses is now the main antagonist.

So who is Fallen? He is one of the original thirteen Transformers created by Primus to help him defeat Unicron. According to the Transformers Wiki, Fallen turned against his siblings, his creator, and his universe.

"As Vector Prime was constructed to safeguard Space/Time, this robot's function was to oversee the primal force of entropy, the aging and dissolution of order in this universe as presage to a new creation. However, this guardian of entropy became obsessed with the darker side of chaos and death, and in the black place these urges led him, the betrayer found a new god, more suited to his nature. He turned against Primus and became the Fallen. Now he is a being of power, darkness, and absolute dedication to Unicron. At the end of the first battle between the two Gods, for his treachery, the Fallen was sealed into extradimensional limbo along with his new master."

Very little of the Fallen's backstory is given in his actual fictional appearances. Even his altmode, which was designed to be a tank, never appeared in his fictional appearances. Basically, Fallen is rooted in Transformers mythology but his less than extensive background would give Bay and company a lot of wiggle room to play within. I'm still not sure what to think of this. But why not call the title Revenge of Fallen instead of Revenge of the Fallen? Or were they trying to go for a double meaning, kinda like how Indiana Jones and The Last Crusade use to work on two different levels?