Lets not speculate, there is no documentation that it COULDN'T be possible, and there certainly is no reason other than your own pessimism to suggest that it wouldn't work.
So you're proposing a religious argument instead of a scientific one. When you lack evidence, you assume the option is non-existent. To do otherwise is to hold faith. I only argue facts, not faith since with Faith and speculation, I can make it so Thunderbolt ports have money come out of them. Yes, big bills, 1000$ per day type stuff, freshly printed and pulled out the port. After all, there is no documentation that it COULDN'T be possible.
Technology is about reason and logic, not faith. Drop the blind faith if you want to have a worthwhile discussion.
Actually, we do have some evidence that it is possible.
Things we know:
1) From a protocol stand-point, Thunderbolt is essentially PCI-E over an external cable.
2) The 27" iMac has *two* Thunderbolt ports with full capabilities on each
Both of which do not indicate that Thunderbolt supports anything but BUS type configurations. The 2 ports are simply seperate BUSes endpoints and from a protocol stand-point, PCI-E is a BUS type architecture, not a star type architecture.
Again, let's talk actual facts, not idle faith based speculation (it's based on PCI-E so you can have a hub!). Provide citations if you're going to claim something that is not presented as such by Intel and current reviewers.