You are correct about the video signal being part of the total bandwidth. BUT.
Remember that the channels are bi-directional. It's 20Gbps in BOTH directions.
With thunderbolt 2 this will allow you to transfer 4k video data from a camera etc, while also displaying a 4k video signal at the same time. All over one cable. This is rather impressive.
I'm aware of that.
But the original claim was that you can't choke video with other data and vice versa, since they have different pipes. It ain't so anymore with TB2. And I guess there's need for this bandwidth "borrowing". In some initial hands on tests (was it anandtech?) they were able to stutter audio with heavy data traffic to RAID box.
Of course these problems should be handled with data prioritizing ie. traffic shaping, but the underlying question still remains: when video data traffic is always the most rapidly growing, is it wise to mix it with all other data?
If you want to connect a laptop with TB to all-things-ever, you still need power cable also. Now usb3.1 handles data and power with single cable.
Maybe it would have been a lot wiser to keep DP and TB separate and add power to TB. Then you'd still need the same amount (2) of cables. Now TB will always be one generation behind when DP has new revision.
(Yep, Sony did this years ago combining Light Peak with usb, but they were arrogant enough not to negotiate about this with usb Forum.)
I'd guess there will be new version of DP very soon, since current version will be 4 years old in December and 4k displays are coming down with their prices. Current DP version can transfer 17.28 Gbit/s. 3840 × 2160 × 30 bpp @ 60 Hz is 21.39 Gbit/s and 16.00 Gbit/s with reduced blanking. If we want real DCI-4k it would have to be 4096 px wide, so the numbers would be 22.82 and 17.07 Gbit/s. And if there will come 16:10 screens the numbers are again a bit higher. All these are so close to the theoretical max, that there will be problems to make these work and there could also be some additional data on AUX and audio channel. Also Rec.2020 and h.265 are already planning to implement 12bit colors. And there's Multi-Stream Transport for daisy-chaining displays and we shouldn't forget 3D.
So, I'd guess that we have a new version of display port even before TB2 ships. And this new DP version might be in TB specs sometimes in around 2017 with shipping products? I think by that time Apple has decided to jump off the wagon or they have a genuine DP port next to TB port in new macs. I wouldn't be surprised that macs in 2017 had only 2 ports DP and usb3.1.
Risc cpu's were nice at one time and so was rambus. Anyway they lost...