A couple questions about identifying and updating linked items

I encountered a couple of unexpected problems when placing linked content in my document.

First, "Place and Link" creates an identically-named object in the document, with no indication that it's linked to anything. There's no symbol next to it in the layer list to indicate a dependency, and not even "(linked)" appended to its name. Do you seriously have to rename every instance of the item manually, in order to track dependencies?

Second, I can't find any option to update the linked instances automatically when the parent changes. Isn't automatic revision the primary reason for linking? Sometimes a tiny yellow triangle will appear on an instance of the item when the parent changes (but this is not at all reliable), or you'll see an "error" indicated in the status bar if you look. Then you have to manually trigger an update. Must you really baby-sit every change?

Thanks for any insight.