The X3 install will create new Track Templates and Project Templates folders, and you can copy whatever you wish from your X2 templates into these.
I do not know what structural differences there may or may not be between the 2 versions, but I would think that since Sonar is backwardly compatible, that you may be just fine (in theory). I would not hang my hat on that though, without testing it out.
As far as your plugins, you just need to make sure whatever paths to those are included in the search path for the X3 Cakewalk Plugin Manager.
Bob Bone