IACAS Cyndicate will not accept your PulpFiction license key, no. PulpFiction users will likely get a discount - we've yet to decide how much. We will decide before the demo's 21 days pass.
Cyndicate uses none of PulpFiction's assets - code, icons, etc. Naturally there is a resemblance, as the people behind it are the same, and it follows the same model.
As for stylesheets, Cyndicate switched up the model a bit. You can visit http://forums.cynicalpeak.com/viewtopic.php?id=196 to find out how to make compatible stylesheets for Cyndicate - it should be relatively easy to convert your PF stylesheet. However, it sounds like the feature you're looking for is one for which you don't need a stylesheet at all (and didn't in PF either) - you simply set all of your subscriptions to display the "permalink content" rather than the "feed content" and the website will load in the article viewer. You can toggle this at any time, per-article, with cmd-D.
(Version 1.0.1)