A:AnswerIt can handle new line processors but it does need a bios update. Just download the update to a usb and flash the bios msi is one of the easiest in my opinion. But if your not comfortable with that take it to your local pc shop and they can help you.
A:AnswerYes, it is not extremely large.
The only concern I would have is the layout of the tower vs the connectors on the board. Usually this just causes things to be more complicated but doesn't prevent anything.