SHORT ANSWER:
Don't worry about it.
LONG ANSWER:
A 128-bit connection means how many BITS of data can be on the GPU to Video Memory connection at any one time; you can think of it simply in how many wires (or traces) connect the memory to the GPU.
Calculating memory bandwidth is complicated by MEMORY COMPRESSION techniques which can compress the data to transfer more over the connection then decompress it. If you want to know the EFFECTIVE memory bandwidth you must look at:
1) How many BITS the connection is
2) frequency
3) memory compression amount
(how many wires, how fast they are moving data, and whether the data has been compressed)
*HUH?
The short answer is that it's not worth looking at those numbers. You should in turn...