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Our wallets goto the 0.001 ... so I feel they should round to 0.001 and distribute payouts rounded to the nearest 0.001 instead of 0.01.

I think part of the reason that they round to the nearest 0.01 is to lessen the dust transactions which could be argued to bloat the block-chain.

The rounding is to the nearest 0.02.

I agree with you about no minimum but I think allot more will be ok with a 0.01 min then a 0.02. As 0.01 represents a full cent and the smallest fiat dollar value which everyone is accustomed to.