Is the Ivy Bridge CPU Backwards Compatible?

I am assuming there is no bios update that supports the Ivy Bridge. That board supports Sandy bridge off the bat but not Ivy Bridge.

It's backwards compatible as long as the manufacturer (EVGA) releases a BIOS for the motherboard so that it can recognized the Ivy Bridge CPU.

By the way, do not post the same damn question in three different posts. That's called spamming and is frowned upon in any forum.

Just wanted to add, this is what caused me to assume there was no bios update released for Ivy bridge:
http://www.evga.com/forums/tm.aspx?m=1770179&mpage=1

Also just checked the EVGA support site for that specific board and they make no reference to Ivy bridge at all...

Edit: That being said I believe the answer remains the same as said in these threads  

http://www.tomshardware.com/forum/354105-28-bridge-proc...
http://www.tomshardware.com/forum/354104-28-bridge-proc...

Sorry, When I tried post the first two time I got a message that the site was down and come back later, I did not realize that the my question was posted