Are all power cords made equal?
Simple answer - NO.
Be on the lookout for poor quality cables, and throw them away... see below for more.
We are seeing more and more "unsuitable" cables packaged with things on eBay which have poor insulators, many strands of thin conductors, etc... look up "Big Clive" on YouTube for some interesting videos about such things.
For a good overview of poor cables, have a look at bigclivedotcom's "How to detect sh***y and dangerous aluminium flex" video...
Is there anything to watch out for when swapping these cords, or do we only care about the adapter voltage/current requirements?
This is the diameter of the conductive wire inside the cable - see American Wire Gauge / AWG for a common measurement.
A thicker cable can carry more current, but costs more and is less flexible.
An important factor is voltage drop due to resistance, and the potentially dangerous side effect of internal heating which can lead to melting the insulators, fire, death, etc...
Copper is a relatively good conductor of electricity (low resistance per distance), it's flexible, abundant, etc... This makes it quite suitable for use in cables. However, due to the demand for copper, it has become more expensive, and alternatives have appeared - in particular "copper coated aluminium". Aluminium being a worse conductor of electricity than copper (by for a given cross section - higher resistance per distance, approx 61% as good) raises the potential for internal heating, melting, fire, death, etc...
More strands of finer conductors can make the cable more flexible... which is pleasing to handle - but this can also cause problems and reduces the cable's ability to carry current.
This can also play into internal heating, melting, death, etc...
Mains cables have been insulated by many things over the years - from fabrics, rubber, and various other materials.
You'll typically find that modern "mains" cables are double insulated, with PVC. By this I mean that each internal conductor has a layer of insulation (with the appropriate color), and the whole cable is then insulated by a second layer.
The material used plays an important part in the cable's resistance to heat and over-voltage situations.
In the most extreme case, it's possible for cables to be constructed without an earth conductor. An interim is a down-rated earth conductor, or a single insulated earth conductor...
I presume you live in Europe, which I imagine means that you're also aware of unearthed connectors - like the Europlug for example, pictured below. Other places will also have similar things.
IEC 60320 outlines the C17 and C18 pair that do not have an earth pin. Luckily a cable like this will not mate with a C14 (the receptacle that mates with what you've pictured), but that doesn't stop misunderstandings or ignorance, and could almost be considered an invitation to omit the earth conductor...
The C17/C18 are used for the XBox, and while, strictly speaking, it's illegal to produce a non-earthed appliance without ensuring that it is "Double Insulated" (aka Class II), as touched on above, that might not stop everyone...
The UK requires a dummy earth pin for double-insulated appliances to open the socket's live and neutral receptacle (reason #1 to be a fan of the UK's connectors).
Another thing that I am proud of the UK for is our 13A mains connectors - as outlined by BS 1363. I don't off the top of my head know of another major mains connector that has a fuse built-in - what you've pictured certainly doesn't, America doesn't, etc...
Without a fuse, you must ensure that all cables are able to carry the maximum current permitted by the outlet, as there isn't going to be a fuse until (hopefully) the appliance. This means that all cables must be heavy, of the full gauge, and expensive.
With the UK mains connector it is possible, though perhaps not necessarily a good idea (more on this below), to down-rate a cable or individual appliance - say to 3A, instead of the full 13A. Additionally, if a cable is overworked, the insulators melt, and a short occurs... the fuse should trip and make things safe - if the RCD that is hopefully in place hasn't done so already.
I suggested that down-rating isn't necessarily a good idea, because people are prone to going "Oh no, the fuse blew... I'll try a 13A one". And with some people you'd be lucky if they didn't wrap the old fuse in tin foil instead...
Durability and Strain Relief
Today, virtually every cable bundled with an appliance comes with connectors moulded into the ends. I believe the thinking behind this is that it's safer and prevents them from being rewired incorrectly. It also makes the wire-to-connector joint considerably stronger - protecting against the wire being "yanked" out of the connector, potentially revealing live conductors.
If the over moulding separates from the flex's insulation, or there is a gap between the two, then this extra "yank"-proofing is not present. This can be an indicator of a poor quality cable.
The over moulding also usually adds strain relief, which will prevent sharp bends at the connectors from splitting the insulation - again, potentially revealing live conductors.
Connectors that can be rewired will (should) have a clamp to offer such "yank"-proofing... but there is no guarantee that it hasn't been left loose, over-tightened or removed entirely. In addition to this, there is an amount of skill required to safely rewire connector - ensuring that the double insulation extends into the connector all the way, and none of the inner insulation is visible from outside.