Have you looked at rooting the 7024? I believe except for the screens the 2 tablets underneath are the same, although I could be wrong. Also keep in mind as of yet there is no recovery available, clockwork will brick the tablet, and no ROMs have been developed. Rooting only allows you to say your tablet has been rooted.
AFAIK the reset button is just a hardware reset, like the one found in normal PC computers.
You don't need to root in order to install Android Market, check the fixed threads.