2.0, 3.0, etc is the "generation" of PCIe, like USB 2.0, 3.0, etc. 16x, 8x, etc, is the number of "lanes" of bandwidth the slot can use. 16 is the full amount and what all video cards use (except maybe some really special cases of 4x ones intended for laptops or thin clients or something). it should only change when you use SLI or Crossfire. theoretically, 3.0 x16 is faster than 2.0 x16, but i remember reading an article back when 2.0 was new written by a guy who restricted the lanes available to the highest end vid card there was at the time (by physically taping over the contacts to get it to 8x, 4x, etc) and there wasn't any difference in performance until he hit 4x. back then 2.0 was supposed to be double the bandwidth of 1.1. i'm not sure if 3.0 supposedly doubled again.