Not picking nits here, USB-C is the port configuration, USB 3.1 Gen 2 is the data protocol.
I think there's some confusion here (because its confusing):
USB-C connections can carry multiple protocols including USB1,2,3,3.1,3.1G2, DisplayPort (1.3), PCIe and Thunderbolt 3 by physically assigning some or all of USB-C's 4 pairs of signal wires to that protocol. Potentially you can have a passive cable connecting a USB-C port 'output' to, say, a DisplayPort input or a display that routes some pairs to the display and others to the USB port.
Thunderbolt signals carry multiple protocols (principally PCIe and DisplayPort
1.2) in a different way: by multiplexing several of them together into a Thunderbolt signal sent over a single pair of wires. However, that means that both devices need a thunderbolt controller to decode the signals.
Thunderbolt 1 and 2 had a second trick whereby the whole Thunderbolt port morphed into a MiniDisplayPort if a DisplayPort cable/adapter was connected. I'm guessing that this is redundant in Thunderbolt 3 since the USB-C port's alternate mode does the job better. However, since thunderbolt-enabled USB-C ports will be driven by the Intel chipset, I'm guessing this will still be limited to DP 1.2.
The cables my vendors are demoing me carry PCIe, USB 3.1 Gen 2, dual directional power, and DP 1.2 - the only element that's missing is the muxing/demuxing and daisy chaining capabilities present in TB3 but not present in USB 3.1 Gen 2. What isn't clear yet to my vendors, and by proxy, me is what the data transmission rate will be over these passive cables.
Simple: If they have the 'pitchfork' logo, 'SS' and '10' on them then the maximum data rate should be the max for USB 3.1 Gen 2: 10 Gbps - and if they don't, you send 'em back because they're fake.
What is uncertain is whether they'll work as passive Thunderbolt cables for Thunderbolt devices at 20Gbps but, unless they have that little lightning bolt symbol on them showing that they're TB certified, you have no comeback if they don't.
I think the 'active' 40Gbps thunderbolt cables are going to have the lightning bolt and a '3' - or something.
and it's not about DP 1.2 - it's about the amount of bandwidth those cables carry
They're digital cables: Digital cables come in three sorts: (a) conforming-to-spec (b) faulty and (c) fake. If it says DP1.2 they're supposed to carry the bandwidth specified by DP1.2. Yes, faulty/fake cables are a problem and I'm sure there will be fake TB 3 cables in circulation.
The Accell cables we're using work great with 10-bit color, but only on our PCs right now as we're still on 8-bit Macs for now. I prefer a $15 or $20 Accell cable over a $50 TB3 cable, so there's waiting for the cost of those nifty TB3 cables to be made public.
You won't want TB3 cables - you'll need USB-C to DisplayPort cables (or USB-C to USB-C cables if its a new display with USB-C). Maybe the passive TB-logo'd cables will have had stricter certification (but that won't stop counterfeits). Unless its a Thunderbolt display (with a thunderbolt controller)
which is not the same as a DisplayPort display that has a USB-C connector.
(You know I said TB3 could make or break Thunderbolt - this confusing stuff is one of the ways it could break it).
The only hole in the TB2>USB Gen 2 converter is as far as my vendors know, nobody's making that chipset.
You don't need a chipset: it would consist of a TB2 controller to extract the PCIe and a bog standard PCIe-to-USB3.1 controller. That's how the Apple TB-to-Ethernet and TB-to-Firewire dongles work. All it really needs is demand.
The killer is that TB2 carries only USB 3.0,
TB2 doesn't 'carry' USB 3 - it carries PCIe which drives a regular PCIe-to-USB controller. Yes, it would need Apple (or someone) to write USB 3.1 G2 drivers for the controller in question. Yes, many of the TB hubs that came out have been gimped (I think that's what happens when you design-in 2-year obsolescence and then hit 2 year production delays).
Win laptops are showing up with TB3/USB-C ports
Windows PCs were showing up with USB 1 ports and no peripherals for a year or so before the iMac came out with
only USB ports - then it took off.