An analog signal might become distorted in various ways that may or may not be noticed. No so with digital in a home environment. PC World found no difference between a $150.00 HDMI and a $3.04 one in their tests. This is the general concensus on the Web.
This does NOT mean that a cable with poor strain relief or cheap, loose connectors won't eventually break and give you problems. But you don't need to spend more than a few bucks to get a decent cable. Don't even THINK of spending "Monster Cable" prices for HDMI!
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