According to an Engadget exclusive, Apple brought a new specification for optical port connection to Intel who, after some heated back and forth, has produced Light Peak:

Based on what we've learned, Apple will introduce the new standard for its systems around Fall 2010 in a line of Macs destined for back-to-school shoppers -- a follow-up to the "Spotlight turns to notebooks" event, perhaps. Following the initial launch, there are plans to roll out a low-power variation in 2011, which could lead to more widespread adoption in handhelds and cellphones. The plans from October 2007 show a roadmap that includes Light Peak being introduced to the iPhone / iPod platform to serve as a gateway for multimedia and networking outputs. While the timing doesn't line up, a low-powered Light Peak sounds like the kind of technology that would be perfect for a device with a need for broad connectivity but limited real estate for ports... like a tablet.

Can one port rule -- and replace -- them all? Do we want to kiss our USB/FireWire, VGA/DVI/DisplayPort, Ethernet, and all other connectors goodbye and replace them with a single, standardized optical cable? Check out Engadget's full post for more, then let us know what you think.