So is it gonna be a direct sequel?
How would that work? What if I killed Wrex and left Kaiden to die in the last game? What if I had a relationship with Liara?

Will these things carry over?

There are several options:

1) The KOTOR option - Switch to a new main character. Sheppard may be referenced - certainly the events of the first game will be - but you'll be playing as a new person with new allies.

2) The Baldur's Gate option - **** your choices in Part 1. Here's what the story was supposed to be like (X dies, Y lives) and if it doesn't jibe with your version, tough ****

3) The Ignore option - The characters in question are not brought back, and only vague references, if any, are made to them (someone was sacrificed, there was a romance that didn't work out, etc).

I'm going to write a "Reasonable expectations for Mass Effect thread I think."

LOL, why were my wishes unreasonable? LOL

I love Fable 2 just as much as you, but the words that you type are madness on a level not known to man in 35 thousand years

"I expect ME 2 to be an EPIC WIN, so it should score somewhere between 91 and 96% Meta..."

Something like that?

Just so you know, I leveled my crazy spell up to maximum in Fable 2.

You'res arent particularly outlandish.  But I wouldn't really expect VRU or 18 troops under your command. 

Not only do I think 18 troops in a large combat scenario would be technically beyond a game designed to be an RPG first like Mass Effect in this generation, but it wouldn't fit with the idea of a Spectre, a small unit above the law, sometimes operating within a small party.

yeah it was more of a wish than an expectation, but I'll point out that the 18 count was total charachters (compared to the 6 in ME1) not the amount commanded on missions. but, yeah. I agree that having that many high rendered objects/models on the screen at once would cause unhappy problems.

Mass Effect is my Greatest Game Of All Time.

I love everything about this game.
I love the music, the mood.
I love the Mako exploration (Don't touch it for M2 please!)

Epic story, mature game.