Yep. Exactly.
"Minimum requirement" means if you double click the game icon on the desktop, the game will start, but good luck trying to actually play.
That depends. Your attitude makes it pretty obvious that you consider a game unplayble if the minimum frame rate is below 60, You can't really expect everyone to be as picky as you, especially when you're a person who can afford $500-600 CPU and dual GPUs.