Hello, mattdanielc.
1) Yes.
2) The "logo" is actually icon of the minimized WindowBlinds Configuration dialog. You might want to leave it there, though you can change its setting in TaskBar properties to be "hidden" unless the System Tray is expanded so you don't have to see it all the time. If you really want it gone, there is a place in the User Overrides section of WBConfig where you can disable it.
3) I'm not sure what you are describing - if you could post a small screen capture showing it, maybe we could tell.
And one bit of advice if you purchase the enhanced version: be sure to unload WindowBlinds, completely uninstall the shareware version and reboot before running the enhanced version installer.
Cheers,
Daiwa