Hypertransport connects the processor to I/O devices and expansion cards (and other processors in multisocket boards), not RAM as per the common misconception. HT1.0, even underclocked, can provide enough bandwidth to/from these devices so as to not cause a bottleneck, so I'm a little ambivalent as to the benefit HT2.0 will bring to the desktop. HT2.0 will be used with 'Torrenza' expansion cards however, which will likely be able to use the extra bandwidth it affords.
Regarding CPU/MB compatibility, I believe current AM2 X2s will work in AM2+ motherboards, but not AM3. (Not that you'd want to plug in an old K8 when K10 could well be around 50% faster, clock for clock.)