Face... palm...
Went and picked up new cables and Y connector to cover all bases.
Neither was the problem... but I did find it. Completely freaking warped.
Panasonic SB-AS40. (Back viewable on page 4 'Operation':
http://service.us.panasonic.com/OPERMANPDF/SBAS40.PDF )
After messing with the new cables for 5 minutes, I rocked the phase switch back and forth between 'NOM' and 'REV' and all of a sudden thump thump. Works perfectly fine in either position, so I don't know what the hell the deal was. 30 minutes, hasn't vibrated it's way back to cutting out or whatever the hell it's problem was.
I'm thoroughly confounded as to how that switch had a part to play if it works fine with both settings, but only kicked in when I moved it back and forth a few times.
Tested with the first few minutes of 'Immortals' (2011) DTS. It's good to have a sub again.
Really appreciate all of your advice though, everyone. Really. I feel like a tool for troubling you. Hopefully I can give something back to your community - potentially in the HTPC dept.
Regards,
T.