I have to say I would agree with those who hear differences in speaker cable. These differences are measurable with a SPL meter.
Here are some measurements of speaker cables I have taken with a Radio Shack meter. This was comparing Monster MC1 (I think that was the type) versus another cable. The differences in the cables were actually greater in the mid ranges and treble end (to my ear), but I took these measurements because I was trying to diagnose and tame some bass problems I was having with the speakers. I did alternating tests Monster - Other Cable - Monster - Other Cable - Monster - Other Cable, and the results were consistent. The source for these measurements was the Stereophile Test CD 3 bass decade 1/3 octave warble tones.
Freq. Monster Inexpensive Delta
200 83 84 +1
160 83 84-85 +1.5
125 81-82 83-84 +2
100 86 87 +1
80 92 92 +0
63 85 85 +0
50 82 82 +0
40 81 81-82 +0.5
31.5 74 74-75 +0.5
25 73 73 +0
20 66 67 +1
As you can see there are some very definate differences on this most basic of all tests, which is able to be conducted by anyone with $50.00 and enough gumption to do them. Forget measurements we can't make yet or don't know to make yet, while I think there are some out there, but let's stick to what we can measure now.
How about some people actually measure some cable out there instead of just making unsubstantiated claims that all cable sounds the same or vice vesa?