The simple answer is NO you can’t run two VGA flat panels with d-sub connectors from this mobo.
“Dual VGA output DVI-D and RGB”
Mean if you monitor have a DVI-D digital connecter and a RGB connector you can connect it via the DVI-D or the RGB connector
If monitor only have a RGB connector you have to connect via the RGB connector
All CRT type monitors use a RGB type connector
Some LCD panel monitors have both DVI-D and a RGB connector
Read this Guide to Monitor Cables