Timed Serial Bus (TSB) is a feature you may also see under the name Microsecond Bus (MSC). It is basically SPI communication protocol between MCU and power switch devices established in order to save general purpose output pins:
https://en.wikipedia.org/wiki/Microsecond_Bus
1) There is a dual receiver support, it means there may be used two slaves (two CSs). Pay attention to 49.5.9.1.
2) It is basically CSI mode - command frame is considered as SPI (SW way), data frame as DSI (serialized timer).
3) Not necessarily, it depends on the length of frame.
“The command frame can be written by software, through SPI TX FIFO, using one or two FIFO entries with help of the CONT bit or MCR[XSPI].”