I am assuming that's why the cable is so short. If it was long enough to connect it to the console, it would be awkwardly long when connecting it to a controller you place next to you.
http://nyko.com/collections/nes-classic-edition/products/ext...
There's a very handy calculator here http://hyperphysics.phy-astr.gsu.edu/hbase/electric/miccur.h...
If you put in the diameter of a 10AWG wire (2.588mm), and a current of 1A, it gives a drift velocity of 5.026cm/h.
For 20mA in a 20AWG wire (0.812mm), that reduces to 1.02cm/h.
Drift velocity is absolutely irrelevant to the propagation delay, which is on the order of magnitude of the speed of light.
I love when HN users give such simple, real world analogies that are so easy to visualize or relate to. For those of us from completely different fields, it really does nail down the concept. always appreciated :)