You've tried them both side by side?
yes, after listen to im02 and im03 with
http://www.lunashops.com/goods.php?id=4257
http://www.lunashops.com/goods.php?id=4402
Audio Technica AT-HDC5/1.2
they are a worthy investment compare to the stock cable.
as far as I can recall, on my ear, there is little difference between the 2nd and the 3rd on both im03 and im02.
On IM02, the difference between 1st and 2nd is not so great and depend on whether you willing to pay about 100% more or not. It just make the already bright im02 slightly brighter. I don't like it but my friend love it.
On IM03, you can find the vocal is more forward on the 1st cable compare to the 2nd, the music is brighter and the low and high is tighter. It has a WOW factor on me that why I bought one myself.
One thing to take note, if you plan to get the http://www.lunashops.com/goods.php?id=4402, get http://www.lunashops.com/goods.php?id=4303 instead. The mute button if you accidentally touch it, may make 1 side driver no sound.