Although i'm not a fan of Ultimate Marvel we have seen them take characters like Nuke, Red Skull and a few others and make them pretty damn threatening. I know the Ultimate universe is quite into modifying certain things to fit with the modern age so I highly doubt they would stick to Tasky's classic look but if they based their idea on UDON's version of Taskmaster's suit and tweaked it a bit, it wouldn't take much to create quite a believable character.
So my questions are:
Would you like to see Taskmaster in the Ultimate universe?
If they did put him in what would you like to see different from the 616 version?
What background should he have?