what questions should I ask job interviewers?

Well 4chan, I've just graduated university and when I move up North I'm going to be looking for a job.

I'm one of those slackers who never bothered getting a job while in college, so I'm going to try to emphasize what I learned rather than the fact I have no references or "real world" experience.  I think I pretty much know what to emphasize and tout.

What I don't know is what to ask the job interviewer.  What sort of things should I look for in a company?  Most of the questions I have are related to a company's morals (stop laughing) -- for example if I have a feeling they'll have me work on DRM or "Trusted" Computing, I'll scratch out that company as one to work for.  Other than that, what other sort of information is good to get out of a job interviewer when I'm a job-newbie/programmer-journeyman?

Should I be honest about my shortcomings as well, if they ask?

Like if they ask "why haven't you had a job before?", should I just come out and say honestly why I didn't feel like getting a job until I was out of college?  Or come up with some sugar-coated but believable excuse?

If they ask about your flaws are they hiring based on your actual flaws, or how honest you come across to them?

Yeah I'm insecure.  I've been a very good programmer in college but I'm still uncertain about myself when it comes to the unknown.