actually it's not as bad as you make it, if you was gonna use it with a crap load of thumb drives you would really only feel a performance hit when accessing data off more then 1 drive at a time, and thats assuming you have a drive that can actually max out usb2.0 on it's own to start with... most cant.
Yeah, if you only use one thumb drive at a time: no problems. Only mice, gamepads, keyboards: no problems. And sure, none of the first few generation thumb drives years ago couldn't top out USB 2.0.
However most of the thumb drives
reviewed now a days have hit the ~30 MB/s max rate (due to half duplex; 480 Mbit/s claimed max = 60 MB/s, and half duplex & "client reply only" effectively halfs that). (When reading of course.) Here's a
year old roundup with 11 out of 15 hitting the ceiling.
Here's an old (2005) USB RAID test, that hit the same ceiling (but pretty cool the write rate also hit it too). And
external USB HDDs have the same USB 30 MB/s max limit, while the same HDDs can go way faster in firewire or eSATA.
Copying from one drive to another, though? It'll top out at 15 MB/s (assuming the drive can write that fast). Copying from HDD to a dozen drives at the same time? Top out at 2.5 MB/s each (30 / 12 = 2.5).
A 49 drive RAID? No read rate increase at all (assuming you have a quality thumb drive). Sure write rate will increase, up to 30 MB/s. That's double (or less) for good thumb drives and 20% increase for external HDDs, but a decent ~5 fold for the slow write thumb drives. But probably could do that on just a 7 port hub & 7 drives, even with the cheapest drives out today, and as linked above, 4 drives on a 4 port can top it out.