Shouldn't be in the way of RAM as the new card has all components to the other side of the PCB, just like the current one.
Quote: Originally Posted by envy28
Also was just wondering what the red rectangular shape object on the mobo do which says T-Series.
That's a aluminum heat sink keeping cool something under it. It is very likely cooling the motherboard's chipset, the component that connects everything, from CPU to GPU to whatever, the motherboard's heart so to speak.
No tampering with it unless you know what you are doing, besides, it should be low enough to not annoy a card over it.
Measure the height under the current GPU once it is clear of the PCIE slot, if it's higher than that heatsink it should be fine (as that height is standard)