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@Momentum
The Sheldon technique is probably pretty good, although I don't think it would be that hard to cut 20 spokes and then the rim with a pair of bolt cutters.
The big problem I have with it is that it doesn't LOOK secure, even if it is. I think that a thief might think it is badly locked and start having a go at nicking it. Coming back to a buggered wheel or bent frame would be dispiriting and I'd rather avoid it. I also find that my mini (an onguard) fits around seat tube and wheel and railing cos I have a track bike.
Anyway, I mainly use the abus shielded cable cos so many things in London are too fat to lock to with a mini.