I will try to answer at least some of your questions.
I'd say the answer is quite easy: There is no real XVideo support (the way it used to be for <r500 cards) for the r600 series neither in the fglrx nor in the open drivers. There is one alternative, no idea how well it does work: TexturedVideo. Search the forums a little for info about how to activate that. Beside this I would go for using openGL for videooutput, that is currently the best what you can get from the fglrx drivers.
You really do suprise me that XVideo work with the open drivers with an r600 chip since radeon does not even support those cards and radeonhd has no 2D/3D/Video-acceleration implemented so far. So I would really be suprised if that was XVideo, it is more likely a fallback. Again: switch to opengl as video output and it should work as expected. You might have to start an app that uses opengl and kill ir directly afterwards since opengl seems not to work on the first try (at least not for me, i do always start glxinfo/glxgears once directly after starting the system to make sure that opengl in kaffeine will work, I am using a 3850 card, so basically r600 series, too).
No idea, never tried to run multiple x-sessions...
I think there is currently no support for monitoring temperatures and fan speeds of ati graphics cards. It would be great if AMD/ATI did release the specs about how to get that data so that support for the graphics cards can eventually be included in external tools and /or in lm-sensors.
I hope my answers do help at least a little.



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. This is 3rd time I have tried to move over to ati from nvidia and I really thought that this time it would pay off. NVidia's driver (as closed as they are) just plain work. Obviously they are quite far from perfect but at least I do not remember them locking the machine constantly. Please call me stupid from now on ...
(Just kidding)