The main reason Toslink is crap has nothing (or VERY LITTLE) to do with the cable quality. It has to do with the cheap transceivers (the device you plug the cable into at each end) used in Toslink systems. It's convenient and sometimes necessary when it's important to electrically isolate equipment from each other, but I agree with rcrerar that a good 75ohm will outperform any Toslink, no matter what it's made of.
Glass fiberoptic cable (AT&T - ST) is another story altogether, but it's found only on the most expensive consumer digital equipment (like Wadia, for instance.)
Glass fiberoptic cable (AT&T - ST) is another story altogether, but it's found only on the most expensive consumer digital equipment (like Wadia, for instance.)