I hope you don't mind taking a couple minutes to read the following explanation by B&W.
Link:
http://www.bwspeakers.com/index.cfm/fuseaction/local.faq/ObjectID/F5CA2E9F-3D20-11D4-A67F00D0B7473B37 (in case you want to read the whole thinig).
"by far the most common type is parallel. Here, each driver has its own filter wired between it and the input terminals. If there is only one pair of input terminals, the inputs to all the filters are connected in parallel to that one pair of terminals. If, however, you have more than one pair of terminals, you can completely separate the inputs to each filter. Why on earth would you want to do such a thing?
In the case of bi-wiring, the answer lies in the cable connecting the speaker to the amplifier and the fact that the amplifier is a voltage source but the speaker is a current driven device (force on voice coil = magnet flux density x length of conductor in the magnet gap x current).
Firstly, all cables are a compromise. Some types of construction work better at low frequencies and others at higher frequencies. Providing separate inputs to the speaker allows you to use different cable types, each optimised for the frequency range of use.
Secondly, consider that the cable has an impedance that causes a voltage drop along its length. Now consider the current flowing along the cable. Assume for the argument that the amplifier delivers a perfect voltage waveform to the cable and the cable itself adds no distortion. However, each driver has a non-linear impedance (for example, the inductance of the voice coil alters depending on its position in the magnet gap) that causes the current to be non-linear. This non-linear current through the impedance of the cable causes the voltage drop along the cable to be non-linear and thus the voltage across the speaker terminals is also non-linear, even though it is linear at the amplifier end.
If we were just concerned with one driver, things would not be too bad. But that non-linear voltage at the speaker terminals may contain harmonics within the frequency range of one of the other drivers and that driver will reproduce them, albeit at low level. If, however, you separate the inputs to each driver filter, each driver’s distortion is kept to itself and the total syI stem distortion goes down.
We are talking small changes here, but the resolution of some modern drivers is now so good that small improvements like this are readily detectable by keen listeners."
I hope mtrycrafts would read it too. It is consistent with Axiom's, but in more depth. Note that B&W probably considers the resolution of some of their own drivers are "good".
Thank you guys.