QUESTION1 : YES
QUESTION2: FEAR TEAR (the Nymph cloak)
Good: Immunity to +1 weapons or less
Evil: +2 CON
SELFISHNESS TEAR (sacrifice for companion)
Good: +10 resistance to magic
Evil: +2 to your AC
GREED TEAR (the Blackrazor sword)
Good: +2 to all saving throws
Evil: +15 to HP
PRIDE TEAR (the dragon)
Good: +20% resistances to fire, cold and electricity
Evil: Gain 200,000 experience
WRATH TEAR (Sarevok)
Good: +1 to WIS and CHA
Evil: +2 to STR
QUESTION3: I think it implies that you recieve +1 strength to your stats permanently, but +2 bonus to any belts you are wearing, i.e they are upgraded. I am not sure how accurate this information is, however.
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Plan to be spantaneous tommorow...
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