It seems like another possible solution, if it continues to be a problem is to just put a RJ-45 jack on the keyboard end, and one right down near the PS/2 jack. That way you can use a standard off the shelf network cable between them. Easy to replace, and cheap to buy anywhere.
If I'm going to Cut 'n' Shut the cable, I might as well replace the SDL socket. It's going be a pig to find cables for it one day (Long before the keyboard itself wears out), and this just seems a lot easier somehow.
Besides, I'm done... well, sort of.
All soldered up, but I need to pop some support holes in there to hold the keyboard side of it in. This involves a Dremel. I won't be doing that at 1:15AM unless I fancy Amateur castration from her Ladyship.
As for the Jaffa the cat. If I see the little sod doing it, he'll get properly shouted at. Can't really do more than that though, Kinda like him too much. They do learn eventually, he won't walk on top of my PC's case now, ever since I took the fan guard from the top mounted 80mm Delta Screamer. The vet's bill that followed this lesson wasn't so nice though.
I like the cable sleeving idea. I may just braid it if he goes through this stuff (Solid Core CAT5. My KB doesn't move much), and see if that puts him of.