I was like you a few years ago and decided to take the plunge and build my own. The cost of kit + speedball and the tools needed (multi-meter, soldering station, solder, flux, etc) was about $450 since the kit + speedball were on sale at the time. It took me about 14 hours to build, started at 5pm and finished at 7am, granted my GF helped and we enjoyed a few bottles of wine along the way but the skills gained have remained and have enhanced my love of audio and saved me more than enough to pay for the equipment I purchased a few times over. I've built new cables for almost all my headphones, done mods for removable cables on a few Grados, Beyer T1/DT-990, MDR-7506, ATH-M50, K553, TH-600, TH-900, and build a few headphones along the way.
I can understand that its not for everyone but if you have ever considered building your own cables or even to repair broken cables, and other simple house hold task building the Crack is a great learning tool and the knowledge you gain will be useful for years to come.