Finally...
This is great... a pro in the cable industry talks some sense on this subject.
While I agree whole-heartedly with your assessment, I think you missed a few things.
1) One of the most (if not the most) important things a power cable can do other than deliver the power signal unaltered from the wall to the equipment is keep any EMF pollution from the power cable to a minimum. Nobody ever seems to talk about that.
Keeping AC pollution from being induced in analog signal cables can be helped by properly looming the rats nest of cables behind most equipment racks, but any help from the shielding of the power cables is appreciated.
2) While you did a great job explaining the basic design and function of a power supply, I think you could have stressed that any power supply that requires a "special" power cord to perform at it's best is a flawed design from the outset.
A power supply should be able to perform in the real world as specified with a standard 3 ft. power cord. If it can't, it needs to be redesigned so that it can.
3) To test whether a power cable has any effect on any piece of equipment, a simple suite of automated tests could be run to see whether any changes in noise, distortion and deviations from linearity in phase and frequency response have occurred compared to using a standard 3 ft. IEC power cable.
If you run these on a few disc players, pre/pro's and power amps and find no measurable difference, the cable has no effect on the equipment's performance and none will be heard. If there is a change, you can now deduce whether the change is for the better or for the worse.
Of course, this requires some real work to be done and most reviewers are just lazy bastards who want a reason to slack off, listen to tunes and act like they're really doing something.
This brings me to one final thought: while the audible effects and the audibility itself of distortions and non-linearities are open for debate (because these are based upon perception), the fact that we have quantified and can measure all of these phenomena is not.
Our test equipment has long ago superseded the ability of the human ear/brain mechanism to detect distortions and non-linearities in audio equipment. To act like this hasn't occurred is to insist that the earth is flat and the center of the universe.
Cheers,
jeff