I think it's time to take a step away from the focus here and realize that a thief/group of thieves can steal any bike no matter how it's locked. If you're locking your bike outside, there's a chance it will be stolen. There's teams of thieves with every tool in their vans going around stealing bikes, day and night. I prefer to be the ******* that takes my bike inside absolutely everywhere and if I can't, I go somewhere else. In the rare instances, I have the Fahgeddaboudit chain, but I know that it can be cut whether it's bolt cutters (there's MUCH bigger cutters out there than 42"), an angle grinder, freeze spray and a hammer, whatever.
As for the wheel lock-up ordeal, it's definitely possible to cut through wheels very quickly. Tension of the wheel or whether the rim is nice or not means nothing.
I sound bitter, it's because of Philadelphia. Our thieves here are awesome.