Think you need to research how signals are carried on a cable before you make statements like that. Frequency is all important.
Frequency is the speed at which you can pump voltage changes down the cable. Cables have electrical properties which can limit the speed at which you can make the state change from 1 to 0 and the distance that the cable will keep the signal intact for. These are classed as reflection, resistance, attenuation, inductance and crosstalk. All of these factors limit the frequency and cable length your signal can pass before it deteriorates to the point where it is either unrecoverable or requires significant error correction.
Put simply, a better quality cored, better shielded, lower resistance cable with a constant measured impedance will enable a signal to pass a further distance with less probability of distortion to a cheap one. The bond between the cable core, shield and the plug are of vital importance here and generally accounts for the cost of high v low quality cables.
I do agree that for a 1 Metre runs at the back of a TV if kept away from Mains, pretty much any HDMI cable will do for getting a PS3 onto an HDTV, but there is a rightful place and benefit for high quality cabling