Yes, it is. That is why it has 0.00000001 decimals.

WE decided to LIMIT micro-transactions. It was DESIGNED for micro-transactions, WE simply agreed to limit them with code.

Yes, it will take longer to go through, but it will eventually go through. Most servers don't even check or care about "free" or "micro"... However, they are the last ones to get done, since higher paying customers have paid for transactions to go through faster. The priority is set in code, and reinforced on servers.

Not MADE for micro-transactions, my ass... lol. That was the whole purpose of bitcoins. To be "bits" (micro).