Yes, it's compatible, crucial is a good brand, you have the standard timings and speeds, and the voltage required(1.5v).
You can run with a single 8GB stick, it will run at single channel, it might be slower then dual channel, but it's compatible.
I knew I'd be able to run it, I just wanted to make sure I was understanding correctly that I need 2 sticks for dual channel. And since I want to run at dual channel, another stick would be required (and that would have to be another 8GB stick?) and that pretty much negates the savings.