The one I did was the Micro V2. From what I can tell, they are very similar to the V1 with a slightly different box design. The V2 has a plastic back plate, while the V1 has some sort of composite wood plate. My understanding is that the V1 back plate can be a little trickier to remove, but I haven't worked with one. The internal components look very similar, if not identical, as my woofer has the same stamped basket as opposed to the cast basket on the V3. As such, I imagine the sonic improvement on the V1 and V2 are almost the same. They both use a crappy electrolytic capacitor.
For Q2, you will need a soldering iron and solder. The original crossover network (inductor, capacitor and resistor) were both zip-tied and hot-glued together. Rather than taking all that apart, I just clipped the leads on the original cap but left its body in place. I then attached the new cap to the bundle with 2 more zip ties and some more hot glue, and finally twisted the leads that I cut onto those of the new cap, then soldered them together. This was very easy to do, but try to be somewhat fast to limit the amount of heat transferred to the components. You will also want to add some more hot-glue to the crossover as you attach it back to the enclosure (it was held in with 1 screw and hot-glue originally).
For Q3, I did not touch my foams, as then appeared to be intact. In hindsight, I probably should have removed the woofers to inspect them more closely, but so far they sound fine. Definitely do check the woofer mounting screws though. On one speaker, 2 of the 4 screws that held the woofer in were lose, and it turned out that the particle board had stripped out, so it wouldn't hold. I ended up filling the hole with a chopped off toothpick and a dab of hot-glue. The screw bit into it very well after that, and are holding tightly now.
For your bonus Q, I ended up getting the Soundblaster X7, but it is a bit pricey. I just liked the simplicity of having a high res DAC, headphone amp, and speaker amp in one unit. I'm not a fan of the interface, as it's very software dependent, but once it's setup it does sounds very nice. I'm sure there are more cost effective options out there, buy you will probably have to piece together a USB DAC and solid state amplifier.