Favreau didn't talk much about the movie's plot, but he said he wanted to keep it light, and apparently he dropped the Mandarin's name a lot. In the comics, the Mandarin is a warlord with ten super-powered rings, but in the first movie he's mentioned to be a backer of the terrorist cell that took Tony hostage, so how he'll appear in the sequel is anyone's guess. Actor/writer/Irish gangster Justin Theroux is working on the script, and apparently we can expect a lot of surprises as far as comic book characters go. (I don't know how deep Favreau and Theroux want to go, but there are some recurring Iron Man foes, including Spymaster and the Ghost, who would be pretty sweet to see on the big screen. However, that is just one colossal Iron Man nerd's opinion.)

Of course, the subject of War Machine came up, as well. While Favreau talked about Terrence Howard's busy schedule, he'll definitely be in the movie as James Rhodes, and the interviewer seems to think he'll be wearing his trademark black-and-silver armor. Favreau mentioned upping the technology aspects of the story, and I can't think of a better way to up the technology than by strapping a Gatling gun to the shoulder of Tony's Mark 2 armor so Rhodes can kick some ass. Unless, of course, they were able to give Tony color-changing stealth armor, or pull off the aforementioned Ghost's invisibility/intangibility combo, or... I should probably shut up now, before I soil my Iron Man Underoos.