Updated at bottom of article

Just a few minutes ago, I finished a mini press conference with Stan Lee and Jon Favreau. Stan went first, and then we got Jon…each was about an hour. They were both promoting the upcoming “Iron Man” DVD/Blu-ray.

Anyway, while I’ll have a lot more in the next day or two, the highlight was Jon saying he’d love to do Iron Man 2 in 3D! He also called the IMAX “Dark Knight” footage a game changer and he said he’d love to shoot part of “Iron Man 2” in IMAX. Regarding the 3D, he said it’s all about the cost, but if they can make it happen he’d like to do it. He talked about getting to see the armor in 3D and how cool it would be.

While he was a bit cagey about specifics with “Iron Man 2,” he did mention Mandarin a lot and he said we can expect a lot more surprises in the sequel in terms of other comic book characters.

He also said he hopes to keep the story relatively simple in the sequel, but he hopes to raise the emotional and technical side of the story. Meaning, he wants the stakes to be raised for all the characters, but he’s not going to make it hard for a new audience to understand the story or make it so complicated that you have to work to follow it. He actually mentioned “The Dark Knight” and said they can keep that side of the playground. He wants to keep “Iron Man” light and fun.

He did talk about War Machine and mentioned Terrance Howard and his busy schedule. I think he’s definitely going to put on the armor in the sequel….but that’s just my vibe from the way he talked about it.

With the script still being worked on and a budget still up in the air, everything is subject to change. But the concept of “Iron Man 2” being in 3D sounds very cool. More very soon from the press day. I’ll try and get the audio up later today….

Update – while I don’t yet have the time to transcribe exactly what Jon said, I do have the audio for you to listen to right now. If you click here, you’ll get the entire interview, which is about 1 hour. Or you can click here and listen to the last 5 minutes where I asked Jon about the budget for the sequel and the IMAX question. This is the part where he bitch slaps 20th Century Fox and the way they make sequels and talks about 3D.