I can't think of any reason you couldn't use cables. They generally require less clearance than chains do.
I've looked at tire chains (cables), and have come to the conclusion that I don't think they would be a good fit for me.
#1. You can't drive over 35mph when you have them on.
#2. The streets HAVE to have snow on them, or you rip them (the chains/cables) up pretty fast (and in Iowa, get a ticket).
#3. They are loud.
#4. Putting them on/taking them off is still a bit of pain even with the new quick connect ones.
In Des Moines, the road crews get the snow off the road pretty quick. We just don't get enough/severe enough (other than maybe last winter) snow storms to really make it worth while. If you live in Colorado (or any high snow areas), they would make more sense I am sure. In some parts of Colorado, I think they are mandatory.
So, after watching a lot of videos, and reading a lot of blogs, I think I am going to save up for some "winter" rims, and get some of those new Blizzaks or Michellin X-Ice Snow Tires. From what I can tell, they get better traction than even studded snow tires (special rubber compunds) and I can put them Dec 1st, take them off April 1st and get several years use out of the set. The initial expense however of the Rims, TPMS etc is the huge drawback. Looking at about $1400 for the rims, tires, TPMS sensors and tool, stemming, balancing and mounting.
There's some great video's out on YouTube from TireRack showing the differences between Summer/All Season/Studded and Winter Tire performance on an ice rink that I thought was pretty interesting.