I realize this thread is old, but out of the curiousity for TB and it only being able to run a single (non-Thunderbolt display), it led me to discover this:
http://www.villageinstruments.com/tiki-index.php?page=ViDock
Then, I noticed that it supposedly only supported non-unibody revision 1, 2, and 4 MBP but I decided to dig further and found that you can run a display over Thunderbolt and utilize the extra displays from the ViDock:
http://forums.macrumors.com/showthread.php?t=1103417
For every MacBook Pro (aside from the 17") on 2011 units you will need this: http://www.bhphotovideo.com/c/product/827757-REG/Sonnet_ECHO_E34_Echo_ExpressCar d_34_Thunderbolt_Adapter.html
Just another option to throw out there...
Curiously, only MacBook Pros with Thunderbolt or MacBook Pros that are pre-unibody and revision 1, 2, and 4 will work due to memory restrictions on PCIe. The funny thing is that it appears with Thunderbolt, Apple has lifted the memory restriction on PCIe to meet Intel's compliance for Thunderbolt. This is a big score for 2011 MacBook Pros!
In addition, there have been some developments on external Thunderbolt graphics card enclosures. There will be more limitations with Thunderbolt since the maximum power delivered over Thunderbolt is lower than what some of the highest powered graphics cards require, making the ViDock a more attractive option with it's built in power supply (in the case of the ViDock 4 Plus you get 225 W of total power). Impressive indeed!