PCI Express x16 in a PCI Express 2.0 x16 interface?

I'm upgrading to a new cpu and mobo but don't want to spend the dough on a new graphics card. My current card is pcie express x16 and the interface on the new mobo is 2.0 x16. Will my old card work or will I have to scrape up the cash for a new one? In other words, will a pci express x16 card work in a pci express 2.0 x16 slot?
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  1. yes, it should work, pic-e 2.0 is backwards compatible
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