If you are want to limit the size of your transaction log when moving large amounts of data, why not use "bcp" (bulk copy) and the batch size switches (see...
I have been reading "Microsoft SQL Server 2005 New Features Essential Skills for Database Professionals" by Michael Otey. (ISBN - 0-07-222776-1)It is a good book.
As Deni Kusdeni mentioned, the current production versions of SQL Server does not support synonyms. However, SQL 2005 will have the ability to assign synonyms to objects.