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So wonder upgrades have both a maintenance cost (the X/a month) as well as a fixed cost?
What happens if you can no longer afford the maintenance? Can you scrap upgrades?

The cost is only while building them.

And yes, they will have both a flat cost that you pay straight up, and a ticking cost that will deduct money each month while the construction is ongoing.
If you can't afford the ticking cost, the construction will be put on hold until you're back in the green again.
Upgrades can be scrapped while they are in construction, but: NO REFUNDS!
 
My only question is, can anyone build a wonder? Like for example if I were a duke who just so happens to have a lot of cash on him is that enough to build a wonder of my choice or do you need to be king tier or emperor tier ruler before we can consider doing that?
Like is there requirements to prevent the world from being too 'wonderful'? ;)

OR is it just up to us as the character's to have enough gusto ambition to build these behemoth's?

Any independent ruler will be allowed to construct wonders.
We do not plan on capping it to a anything else than one wonder per province and will instead focus on balancing them using high gold costs and build time constraints.
The AI will also be told to exercise some restraint when it comes to wonders so we don't get too many and so they won't put themselves in crippling debt making statues of themselves.
 
Would the builder be able to custom-name the wonder?

Also: Would we be able to build a wonder on another 'person' province?

AlsoAlso: Game rule 'silly wonders' for slides?

Yes.

Yes, if you are their top liege.

Wonders are serious business, as Illustrated by @Divine.