I would start with cleaning the MAF & IAT sensors. Then you can check out the ECT readings at various temperatures (do a search here for testing parameters). Disconnect the battery before cleaning; once your done and reconnect, if the sensors were really dirty, the comp needs to reset the kamrf's & this will take care of that. (carb or elec. contact cleaner w/ q-tips are fine)
Does the car stumble during part throttle cruise, part throttle acceleration, decel, WOT, etc?
After 120 seconds, even though the engine is cold, the engine goes into CL and runs mostly off of the O2's, except WOT. So if after 120 seconds, the car runs normally, I would concentrate on the MAF/ECT/IAT/TPS sensors.
Let us know how it goes!
Scott