Yes, absolutely. In fact, based on the fact that my apps frequently sit in 'In Review' (versus 'Waiting for Review') for 12+ hours usually, it wouldn't shock me if they had multiple people review each submission.
How much they play around with the app seems to vary - I've had odd, hard-to-trigger bugs get my app rejected, even though they existed for several prior versions.
Each app submission/update costs Apple a fair amount of money to review.
It definitely seems like multiple people can be involved if there is uncertainty on whether to reject the app. From experience, I've found that if my app is sitting in "In Review" status for more than a certain number of hours, it's likely to get rejected.
The only time Apple gave out hard numbers on their review setup, a couple of years ago, they had two reviewers check each submission, with an average of 6.5 minutes per reviewer per submission spent checking it. Obviously, that average contains quite a bit of variation.
Interesting. I don't think I've ever had one take < 1 hour, and most are 3+ hours from 'In Review' to 'Processing for App Store' or 'Rejected'. 12-24 hours is fairly common for me, and I just had one approved the other day that was 'In Review' for ~48 hours.
Edit: I just checked the ip 107.20.186.94, and it does look like it's hosted on Amazon.