It will start of at 0V, but build quite quickly up to around 0.1V and then steadily increase until it begins to smoothly swing between ~0.2V-0.8V regularly. If the sensor is crook, it will probably hang around at 0V for quite some time and it will effect the cold running. It may also swing erratically, and jump through 'non-consecutive' values (e.g. 0.2, 0.8, 0.3, 0.4, 0.5, 0.6 0.7, 0.6, 0.5 etc) as the ECU cycles the mixtures and sit at 0V for a few seconds often. They don't last forever, and are nearly 10 years old in any RB25.
Plug in a Consult system and check the values. You can also test the AAC if you have something like DataScan.
The IAC is also an important player in this equation.