He meant PCI express 2.0 x1. He has a PCI Express 1.0 x1 slot.
I looked over this, so I'm sorry. The SSD will still be limited to 250MB/s max.
That card I linked has a Asmedia ASM1061 chipset which is just also on the z77 motherboards. Just right above the 2 intel ports on Asus.
Never heard about that 30 seconds though for the POST.