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Not vendor specific, but exclusive to AMD. The first laptop to implement it was actually a Fujitsu-Siemens, before the divorce (which delayed the product itself so much that it might have thrown the technology into irrelevance).XGP is GPU vendor specific ?
LightPeak is multi-vendor and can subsume all connected devices (HDD, monitors, GPUs, memory, another CPU, etc.)
I don't know how 10Gbps can be efficiently used for all that, especially CPUs and RAM memory.
XGP was essentially a PCI-Express 2.0 8x connector, so 4Gbps total. The box with the external GPU also had a USB 2.0 controller with two ports.
I really hope lighpeak/thunderbolt gets standardized, though. I like the idea of being able to connect an external/modular graphics card to a laptop. Especially if eventually we get to buy full-sized cards and connect them to laptops through a powered external box or something.
But I won't fall into the mistake of being an early adopter like I did for XGP.