Hi All,
Cables are an interesting breed of accessories, and possibly the biggest cause of flame wars on posting groups. I can see them though as a way to voice a system, but I also feel there is much electrical logic often ignored within the rationale of different claims. Ive had the experience of having many different speaker cables, many very very average, cheapy, not so cheapy, but still under 100$ and have been able to dramatically change the sound of them with the same cables by such tricks as adding capacitance to one, one both ends of a speaker cable to simulate a capacitive cable. Series resistance too of low values, I believe its the combination, and ratio of these two that have the biggest effect on sound, a more inductive cable will isolate the speaker better from the feedback loop, capacitive cables will as Hugh says give a brighter sound by altering the stability of the amplifier to give the impression of more definition in the highs.
Small signal cables are different, and make a huge difference based on output, input impedences, whether a line level is passive, active, low, high Z output. Then of course, balanced or unbalanced, and noise pickup. For a while my favorite IC cables were a homebrew 30awg Copper/Silver Kynar, braided with a single hot and two grounds, but while these worked well with an active output, they were horrible for the output of a passive, but great for the input from the line source, too much hum pickup!. I dont believe there is any cable voodoo out there that makes a better cable. I do believe that, once the transfer functions are right from one end to the other at the component end to not be impeded or affected by whatever is introduced in between on a rolloff standpoint the rest seems to make less and less of a difference and becomes much more subtle and harder to compare. Different configurations and makeups of cables seem to trade a benefit for a downside, Twisted pairs, braided, shielded will often trade noise characteristics for high capacitance, inductance, etc, it comes a matter of which one best interfaces with the sytem to create the desired sonic goal, which is much of why i think cables seem to be such a personal, sometimes stubbornly guarded bone of contention..
Colin