Yes, and you can pick up a cheap $7 mini-display port to DVI connector from Monoprice.com. I'm using one now to connect my early 2010 MBP to an el-cheapo Dell 22" LCD.

It's $100 for the mini-display port to dual-dvi, and it doesn't even work very well.

I was scared away from purchasing a MacBook Pro with a Mini-Display Port just because of all the reviews on Apple.com saying how that converter was horrible. I'm happy I did, because it caused me to wait for a MacBook Air 13", and not only did I get a computer that is better for me (I really don't need all the features and power of the latest and greatest MBP) - They also seemed to have fixed the problems with the converter. I spend 10-12 hours a day with my MBAir 13" 1440x900and my Dell 2560x1600.

The Converter works fine, I _love_ the mini-display port form factor, Happy to hear they are adapting it for thunderbolt, (Interesting to see the similarity in Bus Naming "FIRE WIRE" "THUNDER BOLT") - Only downside is that it requires a USB port to power it, but, on the pro side, the MBAir comes with two!

I believe your monitor has a Displayport-in, which means you only need a $5 cable from monoprice that is mini-DP to DP. I have one and it works quite well. Much cheaper than the $100 adapter.

I have the dell 3007wfp, which does not have display port, the 3008wfp does.

What happens when you plug a Thunderbolt plug into a DisplayPort port?

Probably nothing. If they're smart, they've made it physically not fit (like SAS into SATA).