What is the significance of the phrase "for any two objects $x,y \in X$, the statement $x \leq_X y$ is either a true statement or a false statement."?
By the law of the excluded middle, I think that it's always the case that $x \leq_X y$ is either true or not true. Does that mean a "partially ordered set" is not more restrictive than simply a "set"?


Not having more context I would have to guess. But it looks like instead of looking at relations as subsets of $X\times X$, the text is looking as relations as predicates: so $ x\leq y$ is established by means of a certain assertion.
The issue is that with that point of view it could be the case that the assertion is neither true or false, in the same sense that "this sentence is false" is neither true or false (i.e., Russell's Paradox).
So the text is saying that you have a relation when the $x\leq y$ is actually a statement (that is, true or false) for all $x,y$.