Take another hydrometer reading and see if it has changed. If it has, then the fermentation is not done. If it has, then it's done and you should probably wait until the beer clears before taking the next step. I typically cold crash at this point to get more yeast to flocculate, then I keg it, carb it, then let it condition as long as it needs.
IMHO, I don't think it would matter whether you condition in bulk or in bottles.
On Deck: Jamil's Vanilla Robust Porter
Fermenting: Orange Blossom Mead
Kegs: Element 56 Pale Ale, Ron's Belgian Blonde, Summer'n Saison, Furloughktoberfest '09, Grateful Pale Ale, Sam Adams Cream Stout Clone, EdWort's Apfelwein