chych,
Let's take a closer look at what goes into a digital cable. A very important part is the connector. Most RCA plugs are not designed to work at high frequencies. The Canare RCA's were designed from the get go to work with video signals. They will easily pass a 200 mhz signal. They have been tested to 2 ghz. They are a high quality connector that uses crimp connections rather than solder. Solder WILL slow down the signal flow and introduce phase errors at higher frequencies.
The cable should also be designed to handle higer frequencies. It has to be a true 75 ohm coax. The insulation surrounding the center conductor is very important. Teflon is possibly the best insulation/dielectric available because it has a very quick charge/discharge cycle. A cable does act like a capacitor, having material between a ground connection and a signal. The more the material "holds" the signal, the sloppier the sounds. PVC is notorius for creating a boomy bass and smeared high end because it holds the signal for a long time (relatively speaking) and then releases it slowly. In looking at digital signals on a VERY expensive digital storage scope at Kimber Kable, they were able to analyze rise time of different cables. A rise time of 20-22 nanoseconds was considered very good. Quite a few digital cables were tested at over 40 nano seconds. Preventing ringing of the square wave is also a function of the dielectric with aids in clearer sound.
Finally the shielding of the cable comes into play. You do not want to have any outside source impose its signal on the digital signal. With all the RFI around, cell phones, wireless digital transmissions, remote controls, etc. the cable is under constant assault. Also, if there are unshielded power cords about, they are giving off all sorts of nasties. I use an external braided shield over the jacket. The cable I use also has a foil shield and a braided shield. I add a .01 low inductance capacitor at the load end to ground out the RFI while isolating the EMI.
There is quite a lot to be considered in designing a digital cable.
Hope this helps a bit,
Wayne