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1) I don't think so.
2) Yes
3) No *
4) N/A because of 3, but if 3 was Yes... probably.
* Some here will invariably say Yes or Maybe because there are some hoops you can jump through to not see the ads, but it's not permanent and you can't customize the screensavers like you could with the normal screen-saver hack. So "No."
Your best bet is to sell the gifted Kindle and buy the model you wanted.
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