You can use it in such cases :

• You want attract an attention to the list of links, buttons or images periodically.
• You want your list of elements has animation.
• You want to attract an attention of users to some area on your site or some information.
• You want refresh users vision of some elements.
• You like some feature of this plugin.
• and so on...

Templates files you can find in "templates/front_templates" folder. It's consist of main and item. You can look at already exist files and create you own. Just don't forget to apply their in the list in "Apply Templates" tab.

Unfoturnately, No. You need to create separately projects. It's because in templates uses class ids for main container and item container (it's need to flexible setup templates files).