Yes the cable has some resistance. We tried several configurations before we settled on the method used.
Doc, with the current product page description, people might think you're talking strictly about a materials choice (e.g. copper vs. silver) for sound tweaking. I personally think you'd avoid a lot of confusion from BH fans / potential buyers if you put this information right into your product page directly after mentioning that they're low-impedance, 40ohm headphones. Anybody that's ever read up on the Crack is under the impression that the lowest possible hp impedance they should consider is 150-200ohms, and without a little bit more info, it just doesn't gel with the guidelines BH has given in the past. Knowing that the 8323 retails for $20, I was scratching my head when I read the email & product page this morning - comes off the wrong way, sorta.
Otherwise, now knowing that the cable is what brings it together, sounds like a pretty killer concept - hope I have the chance to hear it sometime soon.