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@Steff
Steel-o-Flex - something like this: http://www.evanscycles.com/products/abus/abus-steel-o-flex-granit-x-plus-1050-lock-ec006263
I had mine snipped neatly back in October or so, lost my Fuji and have been telling all and sundry that they're shit ever since but no one listens whinge whinge moan moan ect ect.
The "hardened, overlapping steel jacket" is made up of things like large thimbles made of hardened steel maybe 2mm thick and the cable itself is no better than maybe 13mm thick steel braid. It'd probably resist a very small/cheap set of bolt croppers but certainly not the sort of kit one can reasonably expect London thieves to be carrying.
I'll leave you with this (I think it;s an older model of Steel-o-Flex but you get the idea):
http://www.youtube.com/watch?v=fFaLmVqQibo
NB the comments - the tool used cost less than the lock.