Some of the articles today hinted that some straps would be exclusive to a certain model. e.g.: not available for separate purchase. Maybe the metal link and braid straps? I'm sure they don't want you buying a cheaper Sport model and adding a nicer strap individually. You'll have to buy the more expensive model and then buy the sport strap.
They really arent likely to care...
Yes I believe it's universal except for you'll need to match the size of the watch.
I was under the impression that the two watch sizes only changed the height and therefore the pins would be the same width, however it seems that you're right; in this picture you can see "42MM" [nitpick: it should be "mm"] on the blue band (and "M/L" on the other end, which I'm guessing is medium/large).
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I'm guessing they will do each band in each size if that is the case. I cant see them only doing a band for one of the sizes.
They really arent likely to care...