Sensor/Encoder from HP printer questions

I recently "dismembered" a discarded HP printer and saw exactly the same component, as well as a couple of DC motors with optical encoders at the back. I think this tutorial may point you in the right direction (some of the questions you are asking are addressed in the second half).

http://madpenguin.ca/blog/2011/06/14/tutorial-use-an-old-inkjet-printer-to-learn-servo-motor-control-with-emc2-part-2-2/

Please do post back if you find out more...It will be a few days at least before I have time to play around with the goodies I retrieved from my "victim".