USB 3.0 specification should be with us early this year with products arriving in 2009 - 2010. USB 3.0 will be backwards compatible with 2.0 and 1.1. Also it will feature some more efficient protocols which will shut down to preserve power when not in use. The cables will be parallel optical which allows for the higher speeds.
http://www.gadgetvenue.com/usb-30-revealed-01122524/
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