I bought the adapter cable on Saturday along with a new MBP 15. I didn't have exactly the same problems as others here. Instead, my 30 inch Apple Cinema Display (bought in early 2008) would "blink". About once an hour, the monitor would go black for about a third of a second and then go back to normal. I called apple yesterday afternoon and told them about the problem and pointed out the numerous complaints on the Apple Store reviews online as well as the several lengthy forum threads on their Apple Support forum. I mentioned how some people have claimed success with the new 1.02 firmware version of the adapter cable. They said they would send me a new cable in the mail.
Less than 24 hrs later, the cable was already at my front door! I just plugged it in and it is indeed the newer 1.02 version. Interestingly, the letter with the package said not to return the old cable. I guess they realize that it is a bad part and they can't refurbish it, so they would rather that the consumer dispose of it rather than paying for shipping on a part they will probably throw away.
It hasn't been long enough to tell whether the new cable has fixed the problem permanently, but so far, so good.
P.S. for the person who requested it, here's the link to the other discussion thread:
http://discussions.apple.com/thread.jspa?threadID=1837465