It has been in the Intel slide deck from the very beginning.
http://arstechnica.com/gadgets/2015...type-c-connector-doubles-bandwidth-to-40gbps/
Slide 2 in that article.
Single cable .... two 4K or one 5K .
This Apple-LG display entirely depends upon that feature of TB v3. No TB v3 present then can't use this monitor. Period.
Thank you very much! Not sure why I missed that, think I was just hung up on 1.2. Makes perfect sense.