Will it be possible to connect a Thunderbolt 3 Macbook or Intel Ice Lake PC via USB-C cable to a USB 4.0 device and obtain 40Gbps throughput?
I expect they'll continue the trend of inscrutable capability differences in USB-C ports, cables, and devices. To get the USB4 40GBps mode (effectively TB3) it's still going to be a more expensive active Thunderbolt-style cable, not a vanilla USB cable. Which means that standard markings for those cables will (hopefully?) be part of the USB4 spec.
Unfortunately, knowing USB-IF the major change from the TB3 to USB4 spec will be to drop the current Thunderbolt symbol on the ports and cables and replace it with a new variation of USB-super-hyper-mega-speed symbol to make cables as confusing as possible.