Reporting in 7.2.1

ijh

Hi
Just want to confirm.
We have installed TeamSite 7.2.1

TeamSite 7.2.1 comes with Basic Reporting.
Only one report shows up in the list.
- Completed Workflows Report

3 questions
1) Is it true that there is only one report in Basic Reporting.
2) Does Advanced Reporting need to be installed on a separte server from my TeamSite installation?
3) The 7.2.1 users guide talks about Crystal Reports for reporting but I thought that Crystal Reports was no longer used.

Can someone help me with these questions.

Thanks
I