The problem seems to be finding the Y-Adapter. Seems like everyone makes the opposite female/male connector versions...
Oh, and for people that are reading this and thinking about soldering, HighNoon is right about soldering these small wires.... What a pain it would be. Also, soldering small wires would probably actually create a fairly bad connection too. In theory not as bad as all of the adaptors, it wouldn't be great. The reason I say this is because the best connection is an unbroken wire, the next best is wires touching each other. With such small wires, soldering them may actually put solder between the two ends of wire and thus reduce conductivity of the entire connection, thus increase signal loss and noise. Now for the reality part of it. This is an arcade cabinet. This is not my home theater. I am not expecting DTS quality sound out of my 2 powered speakers and subwoofer in my cabinet so soldering may work.
I may look at just making my own cable by taking the input and the output ends, cutting and splicing the wires, and reconnecting them. May save on a connector or two, who knows...
Any other ideas?