Yes
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No, "Blue-Eyes Toon Dragon" (BETD) does not suck. In fact, this 3000 ATK monster can be Special Summomed by tributing tokens that are easy to summon and can attack your opponent directly. However, it does require "Toon World" to exist, it cannot attack the turn it was summoned, and sometimes it's difficult to get the two monsters to tribute.
Yes, that is allowed. You cannot, however, attack and then change to defense in the same turn.
depending on what toon you planning to summon. If you planning to summon a monster like toon summoned skull or blue eyes toon dragon, then you will have to tribute to summon them while toon world is in play. Otherwise, if you summoning Toon Gemini Elf for example, you don't have to tribute.
Yes. If your monster is in attack position and you attack a monster that has more attack points than yours, your monster is destroyed and you take Battle Damage to your Life Points equal to the difference between your opponent's monster's Attack Points and your monster's Attack Points.
Answer taken from the Official English Rulebook: After you've announced your attacking monster and the attack target monster during a Battle Step, the attack target might be removed from the field, or a new monster may be played onto the opponent's side of the field before the Damage Step, due to a card's effect. This causes a "Replay." When this occurs, you can choose to attack with the same monster again, or choose to attack with a different monster, or choose not to attack at all. Note that if you attack with a different monster, the first monster is still considered to have declared an attack, and it cannot attack again this turn.