Yes. If source calendar is changed, e.g. new event is created, the change is automatically synchronized into Orglio. Synchronization process might take few minutes.
Orglio does not import, and therefore does not display such event details as location, attendees, meeting agenda and description.
Events names display policy is configurable at the moment when calendar is added to a team or an invitation is accepted. This checkbox is de-selected by default, so event names are invisible by default unless configured otherwise by calendar owner.
There are scenarios when event names might not be displayed even if they are configured to be visible. This can happen, for example, if:
Events timing (start and end time) and status (accepted, tentative) are always available for all team members.
Orglio is in beta-testing, so usage is free of charge. This might change in future.