A quadrotor doesn't have any sort of 'redundancy'. If you lose a rotor, you've lost control, and will be hitting the ground in pretty short order. I see multiple rotors as a disadvantage... more things to go wrong.
That depends heavily on your control system and how well you've tested it. In theory, a control system for a quadcopter that has independently controllable rotors could keep itself stable if one goes out. In practice, any control path you haven't tested probably won't work.
I'm not sure that's feasible. I've been flying multi-rotors for quit some time and if you lose a motor on a quad it's nearly instantaneously on a collision course with the ground. Y-6 or Hexacopter would be more feasible from a redundancy standpoint.