Light Peak can replace SATA, EIDE, floppy cables, USB, Firewire, and everything else. Given their incredible bandwidth, multiple devices could be strung in series (i.e., a hard drive is connected to the motherboard, a DVD drive to the hard drive, and a floppy to the DVD).
Redundancy should not be left out of the picture. With multiple routes into and out of each component (with spanning protocols similar to ethernet) a high reliability piece of equipment to continue to operate even with a dead link.
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