Actually my new round cables have resulted in much better hard drive performance. I upgraded to some 12" single devices round ATA133 IDE cables from some old crappy 80 wire, 2 device cables. I didn't at all expect there to be ANY performance difference. But I was wrong. The drives are on a RAID array, and it never seemed to benchmark as Sandra said it should bench (it was too slow). After I installed the new drive cables, the benchmarks are now right where they should be and my max transfer rate tested with Winbench went up about 8 MB/s!
So, round cables do not hurt performance, and if anything, quality cables could actually give you a performance boost!!