I am getting ready to order a laminate and a some t-molding to finish off the top of my cp and have a few questions before I make my decisions...

1) When applying laminate to a cp top do you cut the laminate right up to the edge of the cp or do you let it hang a bit and tuck it under the t-molding a bit afterwards? If you gut it exact will look bad? Does anyone have any pics that will show this well? I plan on doing a custom printed laminate job.
2) Has anyone used this type of t-molding? Link:
http://t-molding.com/cart/customer/product.php?productid=10&cat=4&page=1 It looks like this is the stuff that alot of the pre-made CPs use and I think that it would look pretty nice and protect the edges of the laminate as well. The thing is that I am using 3/4" MDF for my cp and this claims to be a little larger 13/14". I assume that this is for 3/4" wood and is just wider to clear the edge. Am I right? Anyone have experience or comments on this stuff?
3) Where is the best place to get a router bit for cutting the slot for the t-molding? From what I have gathered you need a 1/16" bit, the smallest I saw at Home Depot was 1/8th or 3/16th I think...
I hope I am not re-asking some old questions that have been covered a million times! Looked for the answers to these a few days ago and couldn't find them... If anyone knows of a tutorial on line that explains how to do the cutting for the t-molding I would love a link also.

My girlfriends Dad has all the tools, and I don't know how to use alot of them, the router is one of those. Thanks!