Great when you need a nice long cable for that gigantic stage you find yourself on. Don't skip on the price or you will regret it. As for how it affects your sound.... well do you believe in guitar voodoo? Yeah it makes the sound a bit less clear than a short cable would, but such is the price you pay. In comparison to other cables I've used (some much shorter) this has a very minimal affect on sound IMO.
I recently purchased 2 of these leads to use with my newly purchased speaker. (Previously had not invested much money in leads). Although more than I would normally pay I have found these leads fantastic.
Great quality cable with great connectors. You really do notice the difference if you spend a little more on a cable.
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