Yes. Che: Part One (2008) was also released in 2008. The film premiered in its entirety at the 2008 Cannes Film Festival and was given limited release in the United States as a "roadshow" event—where it was also shown full length in a few major cities. Part One was given a slightly wider release in mid-December 2008 to qualify it for the Oscars. In January 2009, the film was released in two parts, again in major city markets.

Yes and no. There are a few scenes where Che discusses his political philosophy (Marxist-Leninist), but only as it relates to his Bolivian campaign. Part Two's focus is primarily on Che's attempt to overthrow the government of Bolivia in essentially the same manner as in Cuba; rally those who were poor to his cause. The campaign failed; Che and his army were hunted by the Bolivian army through the forest and were ultimately killed or, like Che himself, captured.

"Balderrama" by Mercedes Sosa. It's available at iTunes and is also used in the trailer.

Soderbergh has said in a few interviews that he changed the aspect ratio for the second film to better reflect Che's struggle in Bolivia, i.e., with the frame smaller, the action is more condensed and evokes a mild feeling of claustrophobia compared to the first film.

Some shots were done in Bolivia but the majority of the film was shot in Andalusia and near Toledo, in Spain. The terrain there was similar to the terrain of southern Bolivia where Che conducted his failed revolution.