This has been suggested a lot. I haven't personally tried it, but I have friends with magnet implants who have and they said it was quite different, actually.
Different, but you'd still get a sense. I'd think you could go with a more powerful magnet on your fingertip than implanted within it too. So you could end up more sensitive in some ways...
Yes, very true. I think the main difference that I would imagine would be psychological. The sensation of having something external vibrating against your skin, as with a magnet superglued to a finger, is different than the sensations being internalized.
When my magnet responds to something, it feels like I am responding to something. I don't feel a sense of separation from the magnet.
That being said, supergluing a magnet to a finger is probably the closest one can get without getting the actual procedure. Which obviously isn't for everyone, heh.