No, Dead Island is only available for online multi-player via. Xbox live or Playstation network.
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Yes. There will be co-op in dead rising 2, but it is not certain if you can play on the same console.
Dead island is a free roaming rpg. that places you in the shoes of one of four playable characters of the players choosing. during the story you have the chance to explore the vast maps available to play in Dead Island. however during some sequences in the main story the player is trapped in certain maps and are only permitted to explore those areas. Also once the story is completed the game ends but you can replay the story from the beginning using the same character, if the player choses.
You can play up to a maximum of 4 players on little big planet.
If it's the same console, then yes. If it's online or system link, then no.
At E3, EA stated there will be no split screen. For now, Dead Spaces 3 co-op will have to be done online. Sucks for a lot of the people who doesn't own two of the same console and games.