Definitely YES to both. We're waiting to move our remaining 2000 dbs until 2008 is released, and with testing, etc, it will be the end of the year at...
The log backups will backup all transactions since the last log backup, even if a full backup has been run in between. If you need to restore the DB after...
The only reason I can see for the transaction log file being that much larger than the data file is that the database has been running for a while without...