Boy has this thread degenerated.
I will agree with Buzz that tremendous improvements can be had in the performance of your hifi by working with your equipment to maximize the performance in your room. Anyone who's been around this stuff for any length of time already knows that your room is the largest single component in any hifi system, and the largest variable. If you've got all glass and hardwood floors, forget it, it's just not going to sound good. But sometimes just moving the speakers a bit one way or the other can bring about startling improvements.
While I will continue to defend the concept that different wires do sound different, I will by no means try to defend some of the silly wierdness that has been propagated by some of the lunatic fringes in my industry. If you want a real laugh, look at the Shun Mook Mpingo discs here:
http://www.shunmook.com/text1.htm
The Combak dots are also pretty hilarious:
http://www.combak.net/
Here's another one, This guy George Tice claims to have a magic treatment proces that he applies to a digital clock. Once treated, the magic clock has a transforming effect on your system just by being plugged into an outlet in the same room as the hifi system. It get's better. It's a cumulative effect, if one TPT clock is good, two are actually better..

Here's a link where George trys to defend his position:
http://www.stereophile.com/accessoryreviews/784/index7.html
They want serious money for these things!
Then there's the guys who advocate elevating your speaker wires on everything from silk threads to glass insulators. The idea being to remove the speaker wires from interferance caused by the earth's magnetic field. Last time I checked, moving something six or eight inches above the floor hardly removes it from the earth's magnetic field. Speaking of magnetic fields, I've seen several companies marketing devices to demagnetize your CDs. Last time I checked, CDs are made out of polycarbonate and Aluminum, neither of which will maintain much of a gauss field, and even if they would, I'm not sure how it would affect a beam of collimated light coming off of a laser diode and bouncing off a reflective disc sppinning at several hundred RPM.
I firmly believe that we haven't figured out how to quantify every part of the human experience yet. Things like sound, smell and taste are very subjective experiences. Unfortunately, whenever you find a hobby where people get passionate about a subjective experiences, there's usually a few charlatans willing to take advantage (and large sums of money) on the promise of making that subjective experience even better.
Having said that, I have found many times that empirical reality trumps theory again and again. I think someone here even has a sig line that says something like, "The difference between theory and reality is that in theory , there is no difference, while in reality, there is".
John