A question on BB's

My cannondale from ~2004 tends to click a fair amount these days, and I'm thinking it's from the bottom bracket as it tends to be when I stand on the pedals mainly. I've taken off the cranks and basically need some direction for how to proceed (bearing in mind I've no real mechanic experience)
1- Lifespan of the BB: does it need to be replaced, having done about 8 years of riding?
2- How to actually remove the BB, picture attached of it. The cranks are Shimano fc 6500 and I think the bottom bracket is bb-5500 (?) so is this the tool I'll need?
http://www.parktool.com/product/bottom- ... ool-BBT-22
3- Lastly, if I was to replace the BB, are there better alternatives on the market for a reasonable price, or just get a direct replacement?
Picture of a filthy BB attached:

thanks for the help, slowly learning to service the bike :P
1- Lifespan of the BB: does it need to be replaced, having done about 8 years of riding?
2- How to actually remove the BB, picture attached of it. The cranks are Shimano fc 6500 and I think the bottom bracket is bb-5500 (?) so is this the tool I'll need?
http://www.parktool.com/product/bottom- ... ool-BBT-22
3- Lastly, if I was to replace the BB, are there better alternatives on the market for a reasonable price, or just get a direct replacement?
Picture of a filthy BB attached:

thanks for the help, slowly learning to service the bike :P
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Posts
That is indeed the tool you need for the bottom bracket though. It is often worth removing, cleaning the threads and greasing them.
If replacing ensure you get the same axle length, shell width and thread type. it will say this on the unit you remove. The BB5500 is a good unit and worth keeping the same. You will need a 'road' type and not MTB as the spline lengths are different so don't go for an MTB BB.
VOODOO CANZO
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Thanks for letting me know the BB5500 is a good one, means I can get the one tool to replace it with!
My last question would be how do I know if it's English or Italian thread? The mearkings say BC1.S7 68, which I assume is 68mm. I would say that cannondale would use English but there's a campag 1'1/8 headset on the bike as stock so who can be sure where the materials came from?!?
retired 9.6kg Carrera Kraken
The Carrera Hardtail combined thread - come on all you Carrera's!
The Sons Scott Genius RC20 build
VOODOO CANZO
Come and see me at https://www.facebook.com/biketyke/
E.G if I am pedalling hard with NDS it creaks then if I stop and have the NDS backwards and bounce on pedals, it creaks and moves maybe 1mm. If i set off again, ND side 1st, it creaks and moves that 1mm.
Bloody annoying. New BB for me too?