No it actually does, because on MacMall's site they offer 2 versions of the Mac NVIDIA 8800 card. It's totally unclear.
"NVIDIA GeForce 8800 GT Graphics Upgrade Kit for Mac Pro" and "NVIDIA GeForce 8800 GT Graphics Upgrade Kit for 1st Generation Mac Pro."
Now if I'm a 2nd gen then I would without looking closely, get the first one and not the 1st Gen. But... looking closer, their first card is for 2.0 cards. So... apparently their "1st Gen" card is for both 1st and 2nd generation Mac Pros, since as you say, my slots are 1.1.
Very confusing. But I "think" I have it now. I need the 1st Generation NVIDIA 8800 GT card even though I have a 2nd Generation Mac Pro.
Right?