No, rules light is not what I would call e3 from any perspective. Perhaps if I had players who could lift the (considerable) weight of every rule pertaining to their characters, so I didn't have to. As other posters have noted, it instead felt to me as if I had to design everything for myself.

I don't know.

HopefulIy Exalted: Essence will be playable to my group, for I have much love for Exalted but have run out of affection for 3e entirely.