About acquiring data: Initially I couldn't start with proper Acromag setup as the Raspberry pi had a faulty SD card slot. Then Gautam gave me a working pi on which I tried to install EPICS. I spent quite a time today but couldn't setup acromag over ethernet. But, it would be great if we have a USB DAQ card. I have found a good one here http://www.mccdaq.com/PDFs/specs/USB-200-Series-data.pdf It costs around 106$ including shipping (It comes with some free softwares for acquiring data) . Also, I know an another python based 12bit DAQ card (with an inbuilt constant current source) which is made by IUAC, Delhi and more information can be found here http://www.iuac.res.in/~elab/expeyes/Documents/eyesj-progman.pdf It costs around 60$ including shipping.
About temperature sensing: The RTD which I found on Omega's list is having a temperature resolution of 0.1 deg C. I have also asked them for the one with good resolution. Also according to their reply, they have not performed any noise characteristics study for those RTDs.