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I know that most of the Z77 if not all will have the ability to run PCI-E 3.0 when fitted with an Ivory Bridge chip while Z68 will not.
Z68 boards can support pci-e 3.0, this talk about it.
Yes but any board with an 1155 socket is compatible with IB though, that's meaning the Z68 as well. The main thing I hear is that it's "more suited towards ivy bridge" but they don't say how or anything else really.
Z68
This chipset represents the pinnacle of Intel’s second-generation, mainstream Core processor platform (also known as Sandy Bridge). It combined the key features of the earlier P67 and H67 chipsets, as we have previously discussed. It supports splitting the main PCI-Express x16 connection into two x8 slots, allowing SLI or Crossfire functionality for improved gaming. It also allows for overclocking of select processors, and was the first Intel chipset to add Smart Response Technology – Intel’s fancy name for SSD caching of a traditional hard drive. Use of the onboard graphics on Intel’s Sandy Bridge processors is also supported, with up to two simultaneous monitor outputs.
Newer motherboards using this chipset have even been designed to be compatible with the upcoming third-gen Core processors; the Asus P8Z68-V Pro Gen3 is one such example. Those modified in this way claim to support PCI-Express 3.0, once equipped with a new 3rd-generation processor that supports the new standard.
Z77
This is the spiritual successor to Z68, with almost the exact same feature set. It has everything Z68 does and then some. For example, USB 3.0 has been integrated into the chipset; four USB 3.0 ports can be powered in this way, along with several of the older USB 2.0 ports. That means an add-on controller chip is no longer required, though many motherboards will still have one so that they can sport more than four USB 3.0 ports. SSD caching, overclocking, dual PCI-Express x8 slots, etc are all still available as well.
Another aspect of the chipset that has been improved is the support for onboard graphics. Once the matching 3rd-generation processors are out, motherboards will be able to offer three simultaneous monitor outputs instead of just two. Onboard graphics will also be faster, but both of those are functions of the newer processors; when paired with older Sandy Bridge CPUs, the speed will be the same as Z68 and the number of monitors supported at a time will still be two.
So are you asking which motherboard to go with?