Switching Voltage Regulator with WiFi Ethernet Controller Bad?
A switching power supply will be noisier than a linear regulator, no question. The only way to know if it will disturb the wifi is to power it up and see what happens. 

Any switching regulator will dissipate power as a function of conduction losses and switching losses. These parts with an integrated MOSFET do need PCB cooling - usually a multilayer PCB with relatively large 'islands' of copper interconnected with vias. Again, you'll have to do some math to figure out a loss estimate, and gauge the copper size accordingly. 

The datasheet says that the 5V part at 2A load and 12V in operates at around 83% efficiency. So, for 10W out you're losing just over 2W in the device (and the external diode that completes the buck converter). This will scale down somewhat with your reduced loading (conduction losses will drop, switching losses probably won't).