1) You can generate a script using Entity Framework, but this might only be available in VS 2010. Just right click in the EF model and select Generate Database from Model. Then you can connect to a database and run the script to generate the tables.
Be aware that this will also change your associations in EF for that model and 'hook' it to the new database.
You can use my command line utility Export2sqlce to script the entire Server database in SQL Compact compatible SQL script: http://exportsqlce.codeplex.com.
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