Actually all modern devices will only draw as much power as they need. A specification of 2 amps and 5 volts is the minimum you should use for a charger. If the charger provides more then that the unit should only draw what it needs. I have used a 3.1 amp charger with my Sony A17 rated at 1 amp 5v for 2 years without a problem.
Yes but that's not true for all devices, they have to have a smart component that limits the actual consumption.
Also it doesn't seems to be that common. Take a smartphone for an example, they don't control the electric flow when charging, the power that you supply with your charger is what you get (although i don't know if they limit at some point, never tried it with such higher currents, can't assure you 100%).
I don't know if that's the case on the X1, though