Hi Christian,
In answer to your queries:
Q1. Yes, you will have 3.5mm, optical cable and HDMI to choose from.
Q2. Yes, the CD will rip automatically after insertion. But you should first connect your B2 to the internet so that the B2 can look up the CDDB data to enable the tag data to be downloaded. The B2 can rip and play at the same time, but the general advice in the forum is not to do this as it can put a lot of demands on the B2. The B2 is happiest when it is doing one major task at a time, and ripping is a major task. The compression phase is automatically limited to when the B2 is in 'Standby' mode.
Q3. I'm not totally sure on this, but I believe that the B2 only fully rips standard CDs. There have been reports in the forum about ripping failing and the reason for the problem has been that the CD has something like a video section included in it.
But perhaps some other forum members with more knowledge than I can respond to this last query.
Regards,
Peter.