The iPad came out a few days after the Thunderbolt announcement, I think Apple can be forgiven for leaving it out. Also, if you've seen the teardowns, you'll notice that the Thunderbolt chip in the MBP takes up quite a bit of space and space is the one thing the ipad does not have inside. Also, the Mini-DP port on the MBP is probably thicker than the entire iPad.
The display doesn't need to be daisy-chained, just connect it to the end of the chain. Also, you can't expect Apple to support the standard in a product that was launched long before Thunderbolt.
You're right, a single HDD can't saturate even a SATAII connection but what happens when you daisy chain multiple devices? Besides, Lacie already has announced a dual SSD Thunderbolt enclosure with SSDs that each exceed the bandwidth of a SATAII connection. You can't expect Intel to launch a new standard that caters of the today's needs only and ignores possible future developments, they'll get laughed at.
The advantages of Thunderbolt are mostly invisible to the consumer. What Intel has done is opened up a direct channel to the PCI bus which allow peripheral makers to make a variety of devices without consumers having to deal with all the different ports that we do today. The MBP is also missing out on the fastest three of the current external interfaces: E-SATA, expresscard and USB3.0. With Thunderbolt, we hopefully won't need to worry about.