IS there any point my trying to get my link onto 1k directories? Will I gain visitor's? Or is it just a 'myth' or w.e!?! Please reply...
Yes for 1k, no for the traffic your probably hoping for directly from them. As i often say you can gain traffic from this, but its search engine traffic brought by increased serps if done well.
Search Engine Results Page or Search Engine Ranking Position. Basically where you rank in the search engine, position/page number.
From someone who has submitted my sites to myriad directories, I still believe you are better off getting a link from a highly regarded site within your niche, than a directory link. I think that is does help if the directory is indexed in the search engine, but not as much as some people would like you believe. I have one site with thousands of backlinks and a low PR and another with about 87 backlinks from authority sites within my niche and it has a higher PR. I think a combo approach is your best bet, and don't forget about great SEO.