Looks like you're in about the 3rd from the easiest gear here? If so, you could lose a few links in your chain. The cage on your derailleur should be taut when you're in the easiest gear.
The tension that is on the cage right now is how it should be when you are in your hardest gear.
No, the cage should be more horizontal. When you are in your easiest gear, you should be able to draw a line between the two pulleys that is almost parallel to the ground.
well sometime in march because the shop that i work at wont order till then but it shall be pimp, and ive changed a few things on the spec list too (ill put that in a pm)
The tension that is on the cage right now is how it should be when you are in your hardest gear.