To answer your other question, it has two chapters on writing stored procedures in T-SQL 2005. I disagree that SPT has more flexibility.For reporting? I've never heard of a successful reporting mechanism that is able to express every imaginable user requirement in a SP.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1