Gold plated, 6.5 feet long, with the same pins as the old HDMI cables you already have and love. So: You can stick with an old cable and get all the benefits of this $60 dollar puppy that gives even greedy cable-cartel Monster a run for their money.
The benefits of HDMI 1.3, are translated into English below for easy digestion through my easily riled intellectual bowels.
Lipsync: Like Milli Vanilli, it can coordinate the output of audio and video. Increasingly important as all sorts of video and audio voodoo can cause unequal delay in the signal.
Jump for the rest of HDMI 1.3's upgrades—plus a super bonus video.
Double the Data Rate: Upgraded from 4.95 gigabits per second to 10.2 Gbps. Useless, except for the added color depth this allows
Deep color: Simply put, the new spec allows for billions of colors instead of millions. And we all know, millionaires are a dime a dozen these days.
Uncompressed audio: Dolby TrueHD and DTS-HD Master Audio can be sent uncompressed. Existing setups can already stream that stuff decoded, as can the PS3 (I think) so this isn't going to be useful for most people, but wtf, we'll take it anyhow.
We won't complain, esp since our regular old HDMI cables work with HDMI 1.3. Instead of this $60 dollar cable, go get something cheaper. Unless you're as big of a Playstation fanboy as this guy.