Hi,
  The answer to all of these questions is Yes.  However, you should keep in 
mind that there are processes in place to ensure Quality of Service for all 
customers.  If you start making too many requests you will receive a 
RateLimitExceededError and should slow down your requests.

Another option if you are uploading lots of changes is to use the 
MutateJobService: 
http://code.google.com/apis/adwords/docs/reference/latest/MutateJobService.html

- Kevin Winter
AdWords API Team

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