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It is an active cable with no fewer then 12 chips inside. It is even firmware updateable.
http://www.macrumors.com/2011/06/29/thunderbolt-cable-teardown-reveals-electronics-and-firmware/
You won't get any speed increase over USB3/FW800 with mechanical hard drives. Where Thunderbolt were really potentially shine for me will be in connecting graphics engines to your laptop. Imagine upgrading your MacBook Pro with an external Thunderbolt-connected NVIDIA CUDA card for times when you really need that capability. That should be possible with Thunderbolt from what I've heard.
You won't get any speed increase over USB3/FW800 with mechanical hard drives. Where Thunderbolt were really potentially shine for me will be in connecting graphics engines to your laptop. Imagine upgrading your MacBook Pro with an external Thunderbolt-connected NVIDIA CUDA card for times when you really need that capability. That should be possible with Thunderbolt from what I've heard.
You won't get any speed increase over USB3/FW800 with mechanical hard drives. Where Thunderbolt were really potentially shine for me will be in connecting graphics engines to your laptop. Imagine upgrading your MacBook Pro with an external Thunderbolt-connected NVIDIA CUDA card for times when you really need that capability. That should be possible with Thunderbolt from what I've heard.