That would fit the "blow your mind' theme they have on WWDC. A large group of foks would be in 'freak out' mode if apple gets on stage and announces that. Even a mostly stripped down version.
Depends upon how manically focused on the single GPU performance there were. They could have bumped at Polaris but the top end GPU performance wouldn't have gone up much ( it would better handle inside the constraints).
By the time Vega came along they were at the iMac Pro stage of focus. And still would solve core issue of mismatch in TDP between CPU and GPU. ( iMac Pro just gives them room to be apart. )
When Polaris/Vega took so long to roll out that lead up time was probably spent doing mostly nothing. That would have soaked up much of that time span.
They could still put a third part card in a different thermal zone. The concept from ASUS puts the PCI-e slots on the back of the motherboard.
https://www.tomshardware.com/news/asus-prime-utopia-motherboard-concept,39469.html
It isn't an upcoming product, but indicative that Apple also can get trapped in that "super quiet" CPU and GPU cooling if get too myopic. For the standard CPU and GPU apple can couple that to some cooler at very low noise ( and not resorting to dampers to cover the noise after make it). However, blocking out a limited "3rd party" zone they don't need to hit the same noise levels ( and if noisy it is that other part's fault. some folks don't care. So they'll still be happy. )
Don't have to run off to completely seperate boxes in order to leverage some thermal barriers between components.
I still think we’re going to see a variation on an active backplane with plug in modules that resembles something like a typical 500 Series Chassis - https://www.sweetwater.com/store/detail/RNDR10--rupert-neve-designs-r10-10-slot-500-series-rack - or a Cisco Chassis Switch - https://images.app.goo.gl/fZB1Xb1Xz9VKHKCYA - with removable modules, either vertical or horizontal orientation with a preset amount of space taken up by some common I/O (TB3, USB, 10Gb), the PSU and some fans for cooling. It will have a pretty front panel and possibly a rack mount kit option for those customers who want to be able to rack it and stack it.
How the pieces fit together and provide actual, tangible expansion is still to be determined. Just my 2¢.