I think @jackbling has the right idea. TB is too powerful for single devices. For a monitor, you can use VGA, DVI, HDMI or DP instead. For an input device, you can use USB 2.0. For a storage device or external GPU, you can use USB 3.0.
Where TB will be able to shine is in its ability to replace the typical docking station for a laptop. Rather than either (a) a proprietary connector to a large desktop cartridge-like device, or (b) a lot of individual connections for Kbd / Mouse / Video / Network / (storage?) / power, the TB spec can facilitate the use of just one or two connectors for everything (the second being for power - too bad they didn't put a PoTB into the spec!). It might eventually plug straight into your monitor, which would actually be a desktop expansion device including USB 2.0 ports for Kbd / Mouse, a GbE network port, an external GPU (on the more expensive version...), and either an internal HDD or a USB 3.0 connection for an external drive.
Personally, I've never been a big fan of docking stations. If there were something simple, small, light, PnP, hot-connectable, and cost-effective that I could use instead, I'd be much happier with the concept.
I do wish they'd thought about power, though. They didn't think through what I consider to be the most likely application of this technology.