With the release of the sequel soon underway, there’s no doubt that there’s going to be a video game tie-in. However, with the first Iron Man video game, the story wasn’t well represented. This is what brings us to this announcement.

SEGA announced today that renowned comic book author, Matt Fraction will be creating the game’s all-new storyline, including familiar elements from both the movie and comic book universe, for Iron Man 2.

Iron Man 2, the video game, allows players to truly feel the power of Iron Man with new destructible environments, epic enemies, and innovative hand-to-hand combat moves, as well as other features from the film and comic book.

Iron Man 2 will exclusively offer fans a chance to play against enemies such as the unforgettable Crimson Dynamo, not found in the film.

“Iron Man 2 presented me with the challenge and opportunity to work with both SEGA and Marvel on creating something wholly unique- a story that exists at the cross-roads of the comic I write, the film universe which I was lucky enough to be asked to contribute to, and a wholly- immersive interactive experience like a game,” says Fraction.

“A game presents an entirely new challenge, where the audience/consumer/player engages with the world, with the big and small aspects of the place and characters. They’re a co-conspirator in the narrative. I hope it’s as exciting and challenging to play as it was to write.”

Beside being leaked on the internet a couple of weeks ago, it seems that it didn’t stop the beast from unleashing in the box office this weekend.

According to USA Today, the fourth movie in the X-Men franchise, X-Men Origins: Wolverine, took in an estimated $87 million in the box office since its release on friday, which, in short, means that the movie surpassed the studios expectations of $70 million – but, sadly, it still didn’t meet the standards set by Iron Man last year ($98.6 million).

“We sweated this one out,” says Chris Aronson, senior vice president of distributor 20th Century Fox. “But the exit polls are terrific, with nearly half the audience saying it’s better than they had expected. It really comes back to Hugh (Jackman). I think audiences have a tremendous appetite for both Hugh and his character, Wolverine, that he really created.”

Despite an inglorious first episode, Marvel Studios was willing to move forward with development of the second Iron-Man movie video game, Iron Man 2: The Video Game, as it is know for now.

The filming of the movie hasn’t begun yet, but with a title like that SEGA wasn’t willing to turn it down. The game is being developed at the publishers San Francisco-based development studio, Secret Level.

The release is planned for something around the movies release in 2010, I can’t believe that I’m saying that, were does the time go?

“We are thrilled to build on the success of the Iron Man phenomenon and work with Marvel and Paramount on another epic project,” says Simon Jeffery, President of SEGA of America, Inc. “SEGA and Marvel are collaborating closely to ensure we deliver an authentic Iron Man experience.”