I can confirm that you do not have to be a Florida resident to get one.
Only the one person who bought the pass can use it, but they can show it for the car park and you are allowed the meal discount for 4 on one pass. They can also get the la Nouba tickets with discount for 4 people.
It has all the rights of the 10 day park hopper with the single exception of the free voucher for the character meal.
If you go twice a year and are a Disney fan or if you are there for 3 weeks and are concentrating on Disney it is worth at least 1 in 4 of your party getting one.
We have been using an annual pass for years now as I am a self confessed Disney geek.
If you are not a water park fan or don't think you will go more than twice then you are better with the AP rather than the PAP. You have already said you are not bothered about Disney Quest.
If you have any more questions please ask. I am frightened of confusing the issue with too much information.