The way most fan controllers work is by taking power from the PSU and then redistributing it thru several channels that can be adjusted on the front panel so, for your 1st question, yes this is possible.
Now most fan controllers will support the smaller 3pin fan header but, some also provide adapters to change the 3pin to a larger Molex connector ( I assume this the connector your fan has-see pic below)
http://upload.wikimedia.org/wikipedi..._connector.jpg
You have the choice of buying the fan controller you linked to and buying a separate converter to go between the fan and the controller or getting a different fan controller with the required cables already contained in the box, or buying a different fan with a 3 pin header.
Does the fan controller have to be 3.5" or can you use a larger 5.25" variant?
R4z
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