Actually, only one (first slot) is running at 16x...the second and third slots only run at 8x. I know, what a bummer! If you want 16/16/16, invest in a board with additional chipset from nVidia NF200.
Edit: A little correction. Second slot may run at 16x when you have TRI-SLI and IF third slot runs at 4x. So, it's either 16/16/4 or 16/8/8.