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Layer 3 switch questions

1. Are layer 3 switches basically just routers?  I'm assuming they must be multiport routers.  

2. The cisco 3550 is a layer 3 switch correct?

3. In my home lab, I have a few VLANs and a 2600 router doing intervlan routing. Would I benefit from using a layer 3 switch?

4. Do most companies have a bunch of layer3 switches each doing their own routing. Or do they usually have a bunch of layer2 switches and one layer 3. And the layer3 does all the inter-VLAN routing.

Thanks
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JFrederick29
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thanks again man