for those having problems with importing the game save, be sure to finish the game with the level that u desire on me1 and then import it on me2...

ok here's the comparison when u import characters from the first mass effect:
mass effect       > mass effect 2
level 50Â Â Â Â Â Â Â Â Â Â > level 3 +2000 exp
paragon 100%Â Â Â Â Â > + 190
renegade: 17%Â Â Â Â > + 17
cash: 9999999Â Â Â Â Â > 130,000
all elements found & all quest & sidequest completed > palladium = 5000, iridium = 5000, platinum = 5000, element zero = 5000
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mass effect       > mass effect 2
level 60Â Â Â Â Â Â Â Â Â Â > level 5 +4000 exp
paragon 100%Â Â Â Â Â > + 190
renegade: 25%Â Â Â Â > + 25
cash: 9999999Â Â Â Â Â > 150,000
all elements found & all quest & sidequest completed > palladium = 10000, iridium = 10000, platinum = 10000, element zero = 10000
so yeah.. enjoy ur me2

Actually the sidequest are not necessary. I hardly sidequest in ME1 for my thrid run through and got the same amount of palladium = 5000, iridium = 5000, platinum = 5000, element zero = 5000.
Anyone have an idea how ME2 new game + works? Means all item can be carry forward?