Yeah, it seems like it would be possible for the DB engine to aggregate all these increments into one update. If you have two increments by one each in the queue, why not make it a single increment by two? I'm not sure though how much computing power it would need to figure that out...
Not necessarily. If both updates are in a single transaction then it's valid for the query planner to batch them, although that seems unlikely in the use case this table layout is designed for.