Regarding the first question, unfortunately no, as this is a ticker script after all. The next RSS based script I'll post most likely will be something more static, allowing you to display a few news at once, for example, and non changing.
You can make most basic changes to the way each RSS item is displayed by editting rssticker.js, specifically, the rotatemsg() function. In your case:
Code:
var linktitle='<div class="rsstitle"><a href="'+this.link[this.pointer]+'" target="_new">'+this.title[this.pointer]+'</a></div>'
should do it.
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