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Already loving this service after around 10 days of being a member.

I would also like to know if we could supply our own content

Does your bigger package offer better index rates than the basic one?

Will this be good for a new site without any other backlinks?

Its a personal choice really, though nothing beats a guaranteed income for the next two years which could help you grow your IM even further with the needed resources.

If you use wordpress, there is an option to block search engines from crawling till your site is ready. With that said however, why did you rush going on webmaster tools when your site wasnt ready?

Well you learn from mistakes, though nothing should keep you from trying to rank it so you see how it works.

I would avoid them though they continue to work as well as they ever did.

Basic spreadsheets on excel or online docs sites should be a good way to manage your records

I would go for a different set of web2.0s per keyword.

There is nothing like a duplicate website, it is the content that matters, make it different and you are ok with the same script and layout.