Bandwidth is not the only concern, there is also latency, and protocol overhead.
The headers on PCI-E packets are quite large, which causes problems for applications where the data is small and bursty, like sound cards (hence why there isnt a PCI-E version of the X-Fi).
Its possible this is what the standard is ment to address, as this is something the HTX supporters use against them
It could (this is purely speculation on my part) also provide other enhancements such has hot switchable lanes, where for example, all cards have a physical x16 connector, and at least x1 lane, as soon as that lane becomes saturated another is allocated by the chipset.
Got a PCI-E 10Gbit LAN card, SLI/Xfire gfx and a high end PCI-E RAID controller? when playing games the gfx get x16/x16, when dragging files from the LAN the ethernet card and RAID controller get x16/x16, meaning you dont need to waste massive amounts of silicon on the northbridge throwing more and more lanes at a problem.
Thats just an example of an improvement to the spec I just thought up, just trying to say that bandwidth isnt everything