Norton WiFi Privacy - VPN Endpoint Encryption

1. Does the Norton WiFi privacy tool encrypt from the endpoint (my PC) to a VPN gateway at a remote location where the data is then out on the internet unencrypted, the return is then sent back to me encrypted?

2. Can I assume that my data will be encrypted by Norton, then encrypted again for travel over wifi, then decrypted at the wifi router where it is then sent norton-encrypted to the VPN gateway?

I'm trying to determine what happens if my wifi encryption is hacked.  The data is still encrypted by Norton and secure from my PC to the VPN gateway somwhere on earth?  

I realize that VPN will add fairly significant overhead and given that gateways could be across the globe, should I expect latency as well?

1.  Yes

2.  The outgoing data is only encrypted once at your computer through Norton Wifi Privacy, NWP, and remains encrypted until it reaches the VPN server at the virtual location set by NWP.  Then the  return data is encrypted when it reaches the VPN server at the virtual location and then decrypted by NWP when received by your computer.

If you are using a VPN, the data sent from your computer by wifi may still be captured/snooped on, but as it is encrypted it will just be gibberish to anyone looking at it.

The main slowdowns you will see are from the encryption/decryption of your data. Any latency, should be the same as if you were trying to manually access some server or web site in the same country.