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I think so ... you just will not get LTE ... so downloads will be limited probably to around 2 - 5 Mbps, with uploads being around 1 Mbps. It depends on what AT&T has outfitted in the area. With a lot of folks having LTE devices now, it could free up some bandwidth for you.

Should be just fine surfing, email, etc. As a mobile hot spot though ... it may be a little sluggish ... especially the uploads.
 
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Not sure on that I thought the first "universal" iPads were the 1st gen minis.
 
Keep in mind that the 3rd Gen iPad uses a Micro SIM card and the Air uses a Nano SIM card, or you'll need an SIM adaptor plus the Nano SIM card.
 
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