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I can help you a bit with #1...
Making any real money through affiliates with a single niche blog is going to be difficult. Your best bet is to build up a user base with free content (snippets of your blog, teaser images, etc.) and then try and monetize on top of that by charging directly for full access to your content. You know, take the porn star website approach. Niche is tough, niche blog is tougher...you are going to need some great visuals to accompany your writing.
In a more abstract sense, I suggest trying to engage your users as much as possible to try and build a real world persona for your "hot wife". Maybe a Q&A, or live chats - something to enable interaction beyond the passive approach of simply reading a blog post. Really bring her to life.
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