Place a small skillet over medium heat. Add the olive oil and allow it to heat up for a minute or so. Add the shallots.
Cook the shallots for 5 - 7 minutes. they should be soft, fragrant and slightly golden. Add the thyme, vinegar, and honey to the skillet. Allow the dressing to cook for a couple of minutes to let everything heat through and blend together.
Give it a taste and add salt, pepper, and more honey to your taste. Pour the dressing over the sliced sprouts and toss to coat evenly. Serve.