No, PCIe gen2 brings you double the bandwidth of PCIe gen1, so no you have 8,0 GB/s (PCIe 16x) in each direction with gen2 while you 'only' had 4,0GB/s (PCIe 16x) in each direction with gen1 . Gen1 is still more than sufficient when using a single card and this will still be the case with R700 (or 9800GX2 for that matter). I don't think gen1 will even be of any hindrance when doing CF with two 4870s for example, if you have 2 full 16x slots that is.
Why does everyone keep saying that NVIDIA does not get the right for QPI, I just won't believe it until it is finally so late that I just can't deny it anymore. No NVIDIA fanboy here though, I for some reason liked ATI more than NVIDIA although I can't really think if a good reason why, maybe I just like red or something.
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