I just got mine. The McAfee that you buy with this bundle includes a 1 year subscription. Your Auto-Renewal is just the potential for you to be charged for renewal when the one year subscription expires, not that you need to pay every month during the first year. If you cancel your subscription any time after the 10th month of your 1 year subscription term, there should not be any further charge. They are probably counting on you to forget to cancel Auto-Renewal. This is how I understand it; CMIIW.
I once had a McAfee product set to Auto-Renew. When my credit card was charged, I realized my oversight and they did cancel my subscription and refund me when I requested.
The tablet does not have any mention of Bluetooth or GPS in the specifications. I have not used it yet, but feel free to ask about it and I may be able to answer once I use it.