Let's look at the facts:
- Millar is building up the European super-teams, but he's not going to use them during Gods and Monsters.
- Millar said himself, that Ultimates 2 is politically orientated. He also said, he'll have a major global confrontation in the second arc. Something about America pissing off its European friends and allies.
- Thor is repeatedly claiming that the Ultimates are being employed in the Gulf. He could be right. It doesn't have to be the official team, there are enough shadow-members and black ops specialists.
- It would be completely within Fury's character to employ Super-Humans in secret if national interests are at stake. It's completely in character, at least if you look at the way Millar has written Fury. He's lied to the public before, and he even stated he'd do it again, because it was the right thing to do.
- The mood on the last page of issue 2 clearly set things up for a Fury-subplot. Or perhapts even a major plot.
- Secret employment of Super-Humans abroad would most certainly piss off other nations. This would link Thor's accusations and Pym's suspicion with what we know Millar had planned for the arc.
- Then, however Ultron is somehow involved. Millar has said before, that the arc will deal with Ultron, but even if we ignore that, he's been building up to Ultron since the beginning of Ultimates 1 (Pym has been working on Ultron since Super-Human).
- I've heard Pym will be part of the Defenders in issue 6. He's also the creator of Ultron. I can see two likely ways the story might go.
1. Pym activated Ultron in issue 6, before he drops out of the main plot himself.
2. Pym stays a major player during GTA. The way he's been writen so far, I could very well imagine him working against Fury, probably not because he's become a villain, but because he believes Fury must be stopped - possibly right so.
So, basically we have two major plot threads in GTA: Pym/Ultron and International Affairs. The question is: will the two of them come together into one major crisis, or will they be resolved seperately.
I personally guess, they'll be resolved seperately, first one of them, then the other one. I don't really see two main plots running parallel in Ultimates 2, it'd be very un-cineastic, and the book clearly aims to be cineastic.
My two cent for today.