as far as i know, light does travel at 186,000 m/sec., or at around 300,000 km/sec.
and yes, the universe continues to expand. in the time it takes you to watch a 1 hour television show, the universe will expand 1 billion miles in every direction.
however, it is agreed by most physicists that the universe does not have enough mass contained within it to cause it to recollapse, causing the opposite of the "big bang" theory, the "big crunch" theory, to take place.
as depressing as it sounds, what will probably happen is that space will continue to expand and all the suns in the universe will eventually burn out. of course, this will take some time because when a sun goes super nova, the particles and dust left over actually end up forming new stars. don't worry, we have at least another 15 - 20 billion years before the universe ends!
light is mass. light is actually made up of photons. this is why when light streaks across the vastness of space and comes close to a dense object like a black hole or a sun, gravity forces the light (photons) to bend towards that object. this bending may even possibly slow that beam of light down a bit.
as humans, we know less than 1% of 1% of the total knowledge of the universe.
as stated by someone earlier, i agree that in the future e=mc^2 will need to be reworked in some fashion.
because it may need to be updated or reworked does, in no way, take away from the fact that his equation has propelled the human civilization light years (no pun intended) beyond where it was before he did so.
although we, as humans, have made great strides since einstein, i still believe that no human alive today is as intelligent or creative as einstein. he's the type of person that only comes around once in a several hundred year period.