brianhurren said:
Summary: approaching a black-hole event-horizon at the speed of light.
As noted by others, this is not an accurate description of crossing the horizon. It's perfectly possible (in principle) to control your fall with a rocket, so two objects crossing the event horizon side-by-side can have any velocity relative to each other. And distant observers cannot assign a velocity to them in a non-arbitrary way.
brianhurren said:
So my question is, is the event-horision an actual physical thing like a physical boundary
As noted by others, this is a difficult question to answer in ordinary language because it's so far outside normal experience that there are only technical terms for it.
We can say that the horizon isn't a physical thing like the surface of a star or planet - there's nothing there to crash into. If you are small enough relative to the black hole that you don't get torn apart by tidal forces then you can pass through without noticing anything unusual (your imminent death is inevitable once you pass through, but it doesn't kill you itself). It's just a boundary.
However, it's a boundary in space
time, not in space. And it turns out that there are three distinct types of spacetime boundary, timelike, spacelike and null. Timelike boundaries correspond to what we think of as boundaries in space - there's a "this side" and a "that side", and you can freely cross backwards and forwards, or choose not to cross. Spacelike boundaries correspond to what we think of as moments in time - there's a "before" and an "after", and once you are after you can't be before again, and you can't opt out of crossing. (If the naming convention seems backwards, consider that a moment in time is
all of space at a given time.)
Unfortunately event horizons are members of the third group, null surfaces. They are an inbetween case that has no ordinary language description. They have some of the characteristics of boundary in space (you can choose not to cross) and some of a moment in time (you can't cross moe than once and can only cross in one direction). But they aren't really either.
Just to note, you could build a spherical surface (a physical realisation of a boundary in space) completely enclosing a black hole event horizon. And you could make it arbitrarily close to the horizon, although you'd need rockets to help support it at some point. This is why it's easy to think of the horizon (naively, from a distance) as a boundary in space. But curved spacetime is a peculiar place and the horizon itself is a different animal.
Finally, note that all of this is prediction using our current best theory of gravity, general relativity. Any or all of it may be subject to change without notice when we figure out what quantum gravity looks like.