In case anyone is interested:
I happen to have a nifty little device from Quantum Data--it contains HDMI receive and send circuits, and can do an image-comparison test on an HDMI cable. What it does is generate frames of video at various data rates (the highest being about 6.75 Gbps total--1080p at 12 bit color depth) and send the data down the cable, then measure the signal at the output end of the cable and do a pixel-by-pixel comparison, resulting in an error report. Any pixel at the output that doesn't match the pixel sent results in an error and is reported.
What this means is that one can obtain a completely OBJECTIVE cable comparison--no need to guess and fret and squint. If two cables report no errors at any bitrate, then (within the 6.75 Gbps limit, anyhow) the two are completely identical in performance, period; any observed difference has to be in the realm of suggestion, imagination, that sort of thing.
Anyone who is comparing a $1500 HDMI cable with a $3 HDMI cable is welcome to send them both to me. I'll run the test, I'll photograph the report screens and e-mail it back to you. All I would ask is that you send me a return shipping label so that I can send your cables back to you on your dime.
Now, what I can tell you is that at short lengths, every cable I have ever tested has had a perfect report. That means, of course, that while a $1500 cable can be as good as a properly-functioning $3 cable, it can't be "better" than it, at least in terms of a result that your display can detect or render.
At greater lengths, of course, interesting things start to happen, and I'll be doing some writeups on that eventually.
On "jitter": what crutschow says is exactly right. Jitter exists in all digital communications, and as long as it is within limits, it has no impact on anything. Once jitter becomes severe, it will cause data loss, and when that happens you'll see typical HDMI failure modes: "sparkles," line dropouts, flashing/jumping, or no picture. Jitter will not, and by the nature of the thing cannot, cause subtle changes in image quality such as loss of shadow detail, changes in brightness, contrast, et cetera--jitter is just one of the various things which, collectively, can cause data loss.
Kurt
Blue Jeans Cable