I noted while visiting their web site that Kryptonite offers NO "bike theft insurance" with any of their cable locks. That tells me that they do not consider any cable lock to be even close in security to a U lock or heavy duty chain lock.
Even if difficult to collect on for a bike stolen while using a Kryptonite U or chain lock the fact that insurance is not even offered for their cable locks says a lot about what they consider the security level of them.
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Gear Hubs Owned: Rohloff disc brake, SRAM iM9 disc brake, SRAM P5 freewheel, Sachs Torpedo 3 speed freewheel, NuVinci CVT, Shimano Alfine SG S-501, Sturmey Archer S5-2 Alloy. Other: 83 Colnago Super Record, Univega Via De Oro
Visit and join the Yahoo Geared Hub Bikes group for support and links.
http://groups.yahoo.com/group/Geared_hub_bikes/