The standards body now allows for PCIe signaling at x1, x4, x8 and even x16 to be transported via a cable no longer than 10 meters. This also kills a bunch of bandwidth bottleneck and signalling problems which kept graphics manufacturers away from playing with the idea of external graphics cards. Remember, when you're ouside a standardised box, you can do whatever you want - no thermals to be careful of.
this announcement means only one thing. A future with external graphics cards which will feature their own PSUs and cooling is upon us.
More Info : PCI Sig approves external cabling spec 1.0