No. Unfrotunately I was in the same boat with a late 2010 MacBook Air. I went ahead and took the hit getting a 2011 MacBook Air and sold my previous one to a friend at a discount.
With a 2011 MacBook Pro (w/ Thunder bolt) you woudl be able to place the Thunderbolt display first in the chain and then the second cinema display on the end. The thunderbolt display will have all the expansion ports (firewire, usb, etc. available).
Note -- you may have issues though using Bootcamp with thunderbolt as currently there is no way to use the iMac 27" thunderbolt as a target monitor even with the late model MacBooks which have thunderbolt. I feel it's plausible they will address this with better thunderbold windows drivers however.
If you are interested on getting rid of one of your Cinema Displays I may take you on it just because of the Bootcamp issue which works fine with that one. Let me know.