"I'm pretty sure it means that you can adjust the memory clock independantly of the FSB, but I'm not quite sure and need to confirm! "
this would be correct.
In addition it means it also is buffered, in this case it's just 1 unit wide. this buffer is simply to seperate the two differant clocks. Asysnc anything is not as effecient as the Sync counter part. but where not talking about anything that one should worry about too much, but do be aware of it. Going ASYSNC basically ups the latency, hoever does not have much effect on bandwidth