I mean, wouldn't it be practical to have the same connection across all devices, that can do data and power, like was touted? Or is it not thin enough?
Thunderbolt is not thin enough, plus it would create really expensive cables as essentially the TB cable takes care of transmission, which is why it can eventually be used with optical cables rather than copper. They just have to have the transcoder built into the cable.
For an iPhone you don't want a super expensive cable, which it would be if you wanted a thunderbolt -> USB cable. And TB->TB would exclude way too many people (Everyone without a 2010 or newer mac.)
Has anyone done a teardown of the lighting cable?