I\'ve read at many places that .net Threadpool is meant for short time span tasks (may be not more than 3secs). In all these mentioning I\'ve not found a concrete reason why it
It is related to the way the threadpool scheduler works. It tries hard to ensure that it won't release more waiting threads than you have CPU cores. Which is a good idea, running more threads than cores is wasteful as Windows spends time switching context between threads. Making the overall time needed to complete the jobs longer.
As soon as a TP thread completes, another one is allowed to run. Two times per second, the TP scheduler steps in when the running threads do not complete. It cannot tell why these threads are taking so much time to get their job done. Half a second is a lot of CPU cycles, a cool billion or so. It therefore assumes that the threads are blocking, waiting for some kind of I/O to complete. Like a dbase query, a disk read, a socket connection attempt, stuff like that.
And it allows another thread to run. You've now got more threads then you have cores. Which isn't really a problem if those original threads are indeed blocking, they're not consuming any CPU cycles.
You can see where this leads: if your thread runs for 3 seconds then its creating a bit of a logjam. It delays, but won't block, other TP threads that are waiting to run. If your thread needs to spend so much time because it is constantly blocking then you are better off creating a regular Thread. And if you really care that the thread does not get delayed by the TP scheduler then you should use a Thread as well.
The TP scheduler was tinkered with in .NET 4.0 btw, what I wrote is really only true for earlier releases. The basics are still there, it just uses a smarter scheduling algorithm. Based on a feedback, dynamically scheduling by measuring throughput. This really only matters if you have a lot of TP threads going.