1. Not related. If you decide to enter the area in Magic Valley (Ellinia) protected by the magic shield, you will have to fight two quite strong stacks to get to the wizard's tower. Killing the wizard will have no consequences other than the fact you won't be able to access his shop. In one of my games, I killed him after seeing what his shop had to offer, while in another I kept him alive because he was selling black dragons (!).
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