If you are hacking or doing office work (and not gaming), you can easily support an additional 1080p monitor over USB2 using DisplayLink tech. I did it in a former life using a 13" MBP and over a Belkin USB2 hub, even with no glitches.
With USB3 now, you could probably run several. I bet you could get 4 HD monitors easy.
2 external displays at the full thunderbolt display (2560 x 1600) resolution. I'm betting you could do more displays if the resolution is lower, however I don't think you can buy external displays with lower resolution that use the thunderbolt port.
EDIT: "Up to two external displays" (thanks dsirijus)