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If you decide to go with Job #2, I would be honest with your boss at Job #1 and explain that your initial decision was driven by the timing of the offer. When I was w*rking, I had one employee who quit after a week to accept another job and once he explained the situation, I wished him well and went to the next person on the list (who turned out to be an excellent choice, BTW.) And, yes, I agree that you will need to include the job on your resume -- and be prepared to explain why the short tenure.
As for negotiating severance BEFORE taking the job, unless you are in a VERY senior position, I wouldn't even try it. It's one thing to inquire about the business conditions of the firm or asking to see a copy of the employment policies/benefits while making up your mind; but if a potential employee (not at the VP or above level) tried to negotiate some form of severance as part of their pre-employment, I would definitely think that this is a person who is not fully committed to this new job.
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The best things in life....are not things.
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