I do believe that interconnects affect the sound, but the effects are due to the rational, measurable effects of the electrical characteristics of the cables on the signal. Every cable has it’s own R/L/C characteristics. These characteristics affect the signal as it passes through the cable, in the same manner that a filter affects any signal.
The real question is: Why are the measurable, quantifiable characteristics of cables not included in discussions of how the cables affect the sound? For example, replacing a pair of interconnects with a pair with higher capacitance will cause a greater roll-off in the high frequencies. In a system that has a bright sound, this might be good; but in a system that is dark, this would make it worse.
If we could reach a consensus on what changing each of the electrical characteristics of an interconnect should have on the sound, then we could move on to the next logical question, which is: Why should we spend big bucks on a particular set of cables when a pair with exactly the same electrical characteristics can be had for a fraction of the price?
I can tell you for a fact that the guys selling the big bucks interconnects will do everything in their power to de-rail this kind of awareness and self-education within the audiophile community.
BTW, has anyone tried putting a pyramid over his or her system? I hear channeling cosmic energy through your circuit boards does wonders for the sound. (Sorry, I couldn’t resist.)