USA Today has published the first pic of Mickey Rourke as Whiplash in Iron Man 2, showing him putting in an appearance at the Monaco Grand Prix. The costume displays a chest unit similar to Iron Man’s which director John Favreau says is deliberate: "That's part of the core theme of the film."
Rourke plays Ivan Vanko, a Russian who "has constructed his own version of a suit," according to Favreau (hang on – wasn't that the plot of the first movie?). But this suit is a little different – it has a pair of whips. Hence Whiplash.