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Also, forgot to add that I added 2 gigs of RAM

E: I've actually been considering that card, but I finally got to looking at my mobo and I only have a pci-e x16 1.0 slot

That's perfectly fine. It won't hinder performance enough to a degree that you'll really notice. the single card on it's own would utilize it's performance capabilities just as good as it would if it were under PCI-E 2.0

PCI-E 2.0 has a wider amount of bandwidth and would become more useful under SLI or Crossfire situations due to such extreme bandwidth sucking under those situations.

EDIT: in short PCI-E 2.0 is backwards compatible

Also, I took a good look at your specs and it looks like it'd be smooth sailing for you if you got it.