1: Waste of money in my opinion
2: You'll need an adaptor plate as no aftermarket turbo's use the CT26 flange. You'll also need new oil lines, water lines, dump pipe and intake
3: It's the CT26 split pulse flange
In the US there are several companies making MR2 turbo kits using an adaptor to fit the turbo up to the stock manifold. The other option is to use a different manifold, maybe even buy one of those whoflungdung manifolds from china/ebay and weld on the correct flange for the turbo you want to use.
If you're looking for the best value upgrade for a MR2 track down a CT20B. If you're after a good aftermarket turbo that matches the air flow characteristics of a stockish 3S then I'd say go for a GT2860/GT28RS.
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