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Finally, am I to understand that BOTH pax receive appropriate full status credits, but only 50% of the miles each (based on earn level for status x $$ paid?)
If this can indeed be used for J (business) and is as seemingly unrestricted as some posters have made out, then this card is worth getting just for the 241. I'm bummed that I didn't apply during the status credits promo, but oh well... there's still 15K points up for grabs now, and the 241 will help with the retaining of my WP status if I book them in J.
You are correct about the SCs and miles. You get full SCs for both pax and half miles.
From what I can gather, you can buy any fare as long as it is not a sale fare. To check the terms for sure, do a dummy booking to check availability - suggest you call the customer service centre and ask about the availability on a 2for1cc code offer before booking for whatever the ticket is you want. They'll read if it's available along with the price.