I'm not a fan of AM cardio in any fashion, but especially not intervals. Low intensity stuff? Okay, it's not terrible. HIIT on an empty stomach? No way. Fat loss has nothing to do with cardio really - it's a matter of eating less calories. The best part about HIIT is that it helps you burn off subcutaneous fat (the kind we don't want) as opposed to visceral fat. There's a whole reason this happens, and I'll dig up some stuff from Jules over on the HST boards if you want.
HIIT is also shorter-lived, so it gets the job done quicker and easier. Plus, just ask CCJ - you'll see lower body and possibly erector growth, even if you alreadu squat & deadlift.
I'd do a 5-10 minute light warmup with dynamic stretches prior to sprints. You wouldn't sprint for 5 minutes straight, but I think you know that already. Not that it's even possible - you'd just be doing, say, 30 seconds of sprinting, 60 seconds of walking or light jogging, and going back and forth. You can either do it for time (i.e., 5 minutes total) or "sets" (5 sprint sets, so that'd be 4 walking sets in between each set of sprints).
You can do anything with HIIT. Swimming is crazy with it, but you'll look like a retard once you start flailing about, which you likely will as you push yourself when you get tired. Just hope no one notices and throws you water wings.
Vicious recommended to me once, the versaclimber. Never tried it myself, but he said it's wicked for HIIT, since it utilizes the whole body. It's a very effective way at increasing your ability at tantric love-making, as well.
You'll probably burn more with the versaclimber, honestly. Plus, don't worry about what you burn during the activity. The majority of it comes later, after you're stopped and your metabolism is revved up.