There is no need to deliver special satellites for this purpose.
The specs are not that high though. According to this[1] post they use an ARM with 4 GB RAM and a 100GB SSD. Not sure about the predictions, but 100 GB does not sound like that satellite will still be up in 10 years.
[1] https://groups.google.com/forum/#!topic/bitsat-project/2WFNsrcGhLs
Very likely yes. I also read that you need specific space hardened CPUs to avoid massiv bit flips due to the radiation. Very interesting topic. I guess I had expected a larger disk considering the price of SSDs isnt that high anymore. If you currently assume 56.000 MB and consistant 0.75 MB blocks the satellite is good for ~407 days. Which is nowhere near the life spam of a satellite[1]. I wonder why, as the SSD seems the least expensive part of the operation.
[1] http://space.stackexchange.com/questions/1212/why-is-the-life-span-of-a-leo-satellite-less-than-that-of-a-geo-satellite