Yeah, the uber competitive nature of modern science is to blame for this I think. Everyone wants to pad their resumes, and get as many citations as possible to make themselves look good. These hyperauthored papers are a symptom of the larger problem that is brewing IMO.
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I guess this may be a field dependent statement. Check my comment above. For high-energy theory paper, being an author means that work for the paper has been done.
Yeah, i think so. We usually see scientists 2 generations away just doing their research stuff. But as the world becomes more connected, more projects and more things are going on, it is changing the landscape in academia. And yes, people compete to get a good research job, and universities and funding agencies use citations and what-not to assess individual researchers. That is perhaps a bigger problem.