sdevan,
First, I'm not sure why you are that concerned over Rosetta, other than the fact that universal binary apps will always run at least somewhat better than the PPC equivalents. There are still many PPC machines in the install base, so PPC code (and thus Rosetta) will not be going away any time soon. But, your questions...
1) Obviously, Rosetta must be present within OS X in order for you to run PPC applications. No one knows yet whether or not Rosetta will be installed by default. I
very strongly recommend that you carefully review the options within the Snow Leopard installer when you run it. 😉
2) Again, we don't know. I would think it would be rather difficult to get rid of everything associated with Rosetta, if it exists as part of OS X. I wouldn't recommend trying, and in truth, I see no reason why one would want to do so. There would be no benefit.
Scott