to answer your first question, i dont know
i heard that it will be slackware 11 and not 10.3, but if you install all the packages from current, then you will have whatever it will be called when it comes out, either 10.3 or 11 or Slackware 2006...who knows
to answer your second question, why would you want to? you can add your user or the user account in question to the root group, but i do that and have never had root permissions, i still have to "su" or log in as root to edit some file somewhere. the root accout has uid=0 so you cant change one to the other, you might be able to change the root account uid first, then change the other one, but not sure if that will give you the results you desire either.