Sbennet268, I was afraid somebody would ask. And somebody please correct me if I am wrong.
I believe time-smear has to do with the way the audio signal is transmitted through the cable.
In essence, a poorly designed cable will produce or generate the exact same (moment in time) musical signal muliple times before the signal completes it's travels to the other end of the cable. Thus a 'smearing' affect. Which really translates into a sound that is a bit mushy, grainy, or hash in the detail with a definite loss of articulation.
This is supposedly not uncommon with some to many cables. In fact, I believe that the vast majority of cables invoke this time smearing affect at least in the lower bass regions. So much so that most people have no idea what real bass sounds like and feels like without this time smear.
I'll go so far as to even state that some speaker manufacturers will voice their speakers with this time smear either knowingly or unknowingly.
I also believe that some cable designers are fully aware of this time smear affect and have either completely eliminated or at least absolutely minimized it in their cables.
-IMO