Well, the Transformers 2 trailer is out; it has been since the Superbowl. So is the concept art for Devastator.
http://img14.imageshack.us/img14/8468/deva...r7921160dy6.jpg
If you notice the silhouettes behind him, you'll see that there are, at least, 7 Construticons in this one. That's a bit more than is usual.
To give some idea of how large he'll inevitably be, I took this screencap from the superbowl trailor.
http://img443.imageshack.us/img443/3958/sn...13115846lk4.jpg
The giant Decepticon there is not Devastator; he's Scavenger, who forms Devastator's torso. The Transformer hanging from Scavenger, circled in red, is Optimus Prime.
So, consider that 1/7th of Devastator is several times larger than Optimus Prime and use that to extrapolate Devastator's size. If Bay doesn't waste so much time on human hijinks this go around, this movie could be awesome.
And here is the superbowl trailer.
http://www.youtube.com/watch?v=2Azk25EiNfs