Was told that although >& will work (in Bash), the old school 2>&1 is better for compatibility. I do like the >& shortcut though.
I never knew about putting a 'tee' in a named pipe before either, that was nice.
I have already started modifying my scripts to use the $( ) instead of backticks. Much better, and easier to read.
Overall some good tips and a little info I might never use (noclobber?). But it's handy to have available.