I am going to put this in the OP too but here it is http://www.gamespot....c/1100-6427400/
When you start the game on consoles you will be able to start with a default world state or you can bring over decisions made in the 2nd game. This Gamespot article outlines the questions asked as well as the details on the events/people involved.
Is there a time limit when we're presented with these choices? I'm going to read through and decide my answers now, just curious if in-game it's timed.