All the above is true.
By the way, I just took my oral board exam a few days ago. I actually thought the exam was easy except that I had a patient that refused to answer my questions during the initial 30 minute interview portion, and of his own volition, not because he wasn't capable of doing so. Aside from that the vignette/video section I thought it was a piece of cake. I can see myself failing based on 30 minute interview, but I am confident I actually had the knowledge I need to know, but the interview had me a bit stifled.
I would not worry about when you get your results unless during the magic period of 4-12 weeks you are up for a contract renewal or looking for jobs. Several places are more willing to hire you if you are board-certified. If you negotiating a contract, the board-certification can also add a few extra thousand dollars to your pay.
One of my jobs I'm negotiating is during that magic period, but the employer has worked with me before, liked my performance, and said he is willing to pay me as if I'm board-certified regardless if I passed the oral exam or not. (The employer uses an equation to consider pay--e.g. board certified, years of post residency training, etc).
One of my colleagues, however, the employer was not willing to pay him as if he was board-certified, he signed the contract, then he ended up passing the exam. He still has to work the rest of the year without the higher pay and will have to renegotiate at the end of his current contract.