4-speed auto, torque converter, yadda yadda. I could nitpick a few things about it, but at the end of the day, I have to say it's one of the better of its breed too. My wife's Rio also has a old-school 4-speed auto and that thing is a disaster. Next car is definitely gonna have three pedals again.
Depends, city driving maybe it's too many, but on the highway, the revs will pretty much be at tick over, so economy will be great. My diesel only has a 5, but diesel's don't need as many gears. The revs on mine are just over 2k at 70 MPH (seems to get better economy at 70 MPH than at 60 MPH)