Iron Man and Iron Man 2 director Jon Favreau participated in a live chat at the Los Angeles Times yesterday.

During it, the director answered a slew of questions from fans of the movie, mostly centered on the sequel. Here are highlights:

On the antagonist in Iron Man 2: "We're playing with who the villain should be and what we should incorporate from the comic book. And how it will lead into the Avengers."

Plot of the sequel: "The sequel is shaping up to incorporate Tony's vision for the future. What happens after he says 'I am Iron Man?'"

Iron Man 2 plot details are being worked out as we type.

On focus as a director: "I focus mostly on story and character. I put a great value on emotion, humor and natural dialogue. The effects are fun to explore in original ways, but without a strong story, they mean nothing."

Will we see War Machine: "We need War Machine. Agreed. Shoulder cannons and all."

The future for Tony Stark: "Stark has issues with booze. That's part of who he is. I don't think we'll ever do the Leaving Las Vegas version, but it will be dealt with."