Can I connect my external drive to my iMac using a thunderbolt to firewire adaptor?

I have an iMac 27 inch (mid 2011) with two thunderbolt slots. (1) Can i connect my WD "My Passport" external drive to my iMac using a thunderbolt to firewire adaptor; (2) Will that quicken the pace of data transfer (for backup, time-machine etc.)? (3) Am also planning on upgrading to a new iMac in a few months (when the new iMacs are announced), so will I be able to transfer all my data from my old iMac quicker using a thunderbolt connection from my external drive? Thanks kindly for any assistance.

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