Rhodium is a good conductor of electricity but not as good as copper, gold or silver. As Mofi stated it resists oxidation well. It is more durable then the above metals and gives a very smooth finish which is one of the keys to its use.
My experience with rhodium plated plugs is that there is a glare to them BUT I have not tried all the rhodium plated plugs out there (notably not the FI-28M and not the one Paul uses).
Also it is very important to realize that the wire in between the plugs drastically affects the sound as a whole. A plug that results in a great sound on one cord can sound like poop (technical term) on another.
My experience with rhodium plated plugs is that there is a glare to them BUT I have not tried all the rhodium plated plugs out there (notably not the FI-28M and not the one Paul uses).
Also it is very important to realize that the wire in between the plugs drastically affects the sound as a whole. A plug that results in a great sound on one cord can sound like poop (technical term) on another.