Not true, neither accurate.
TB3 has enough bandwidth to drive a 5K display on MST, and spare bandwidth for an extra TB1 data channel and a USB3 data Channel.
Further given the next Macs likely to integrate a Mix of TB3 and USB-C TB3-Less Ports, Apple has available USB-C Muxers with DP1.4 Support since past February, and since September with DP1.3 support, so its safe to assume the Next Macs with dGPU on board will support DP1.3/1.4 on USB-C non-TB3 ports (as those gpu being DP1.3/1.4 capable as all the polaris family).
But Apple likely Will Release a TB3 Display because it can be feed with dual DP1.2 from Intel's Iris GPUs, this way offering a solution appealing more new Mac Users not only those with dGPU on board which likely will opt to use a non thunderbolt3 monitor on DP1.3 thru USB-C.
Further the rumored Thunderbolt Display with on Board eGPU it's a FIASCO, just lacks technical sense, since it only improves the Video Performance for Macs w/o dGPU, since a PC architecture Imposes to use only one Kind of GPU at time, or Two same type if you have SLI like bridges, the same reason that imposes to disable the iGPU on your laptop when you are on dGPU, using an eGPU will disable both iGPU and dGPU and in the case the GPU is the same type as the on board dGPU on my knowledge there is no SLI bridge possible thru Thunderbolt3, so the Rumored TB3 Display with eGPU is a FIASCO, the best case if you use an eGPU it will disable your dGPU and force you to run graphics on PCIe 4x bottle neck, just not to mention the added TB3 Latency.