I found a T5 light that has two 36" bulbs that produce 21 watts each. I wonder how the light output would compare to a system that uses 36" T8 bulbs Is a watt of T5 light equivilant to a watt of T8 light?.
I believe they're stronger "per watt" than T8/T12 fluorescents, though I'm not sure if they're better overall, since a T8 of the same size will come in higher wattages. For example, a regular 36" T8 bulb is 30 watts.
Not really. Here's one example
http://www.drsfostersmith.com/Product/Prod_Display.cfm?pcatid=3820&N=2004+113350
I see odballs like that every now and then. Just know that the watt rating on the bulb is not necessarily what it runs at. As Mgamer said T8's are 8W per foot and T8 ballasts (at least all I've seen) will drive them as such.