Is Thunderbolt backwards-compatible with mini-DP for both input and output?
How compatible or not is the new Thunderbolt connection?
If I have a MacBook Air with Thunderbolt, can I use my existing mini-video cable to connect it to a VGA overhead projector?
If I buy a new Cinema Display with Thunderbolt, can I connect my existing Mac Pro to it?
Are there special cables, convertors needed, or are there any fundamental incompatibilities?
Solution 1:
Your existing Mini DisplayPort cable (VGA adaptor, etc.) should allow your Thunderbolt equipped MacBook Air to connect to a projector (assuming it worked previously with a Mini DisplayPort output) but, as with all things presentation, you'll want to test the setup in advance if possible.
According to Apple's specs, the Thunderbolt Display requires a:
Thunderbolt-enabled Mac computer, including MacBook Air, MacBook Pro, Mac mini, and iMac
Your existing Mac Pro can't use the monitor.
Solution 2:
A Projector connected to a Mini DisplayPort adapter, connected to the Thunderbolt port of a MacBook Air should work as expected.
I don't think that the Mac Pro can currently (officially) drive a Thunderbolt Cinema Display.
You may find this article informative.