With a teleconverter on the camera, you should be able to zoom-out to a point...depending on the particular teleconverter you may get vignetting with the camera's lens at wider angles.
As for the remote, yes it is a two second delay from the time you press the remote to the time the camera takes the picture...this delay is built in so that you have enough time to hide the remote and compose yourself (the assumption is taking a self-portrait).
As for the timer comment, two seconds is better than 10 seconds!
- Check out the Oly_C-700 Yahoo Group, for users of all C-7x0 cameras including the new models, discussions and assignments. http://groups.yahoo.com/group/Oly_C-700/