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Yes and yes.
A train ticket will cost between 12-16-ish RT (depends on peak or off-peak times for each leg). That's pretty decent for the distance.
Once you get off the train, you'll definitely want to take a cab; the bus will take forever. Might as well splurge on the 10 or so the cab costs.
Absolutely right. Have yet to hear back from NYMC, but am in NYC at least once or twice a month. Metro-North is the only way to go, and fly in to JFK if you want to take the subway in (about $8.00 total). Otherwise, cab ride will be around $30 from LGA, $45+ from JFK.