Auuuuggghh! No! So sorry Chris. There are never any good words for times like this.
I've used both Kaz hardpoint and cable handles both, a lot. I don't think anyone put more flights on theirs than Bill Rich, and he had the flying callouses on his hands to prove it. He wore and changed his cables out probably every year but inspected them constantly by pushing a little slack out the backside of the handle to inspect the part that goes around the bend. That is where you will find them start to fray and strands break. I was walking him out to practice one day and by habit was inspecting his handle, and it was hanging by 2 strands... he was very happy I caught it!
All that said, I have a new'ish Kaz handle with the fangs like yours I've never used, still in the pack, and it doesn't have the green coated wire, and I don't remember any I've ever had in the past come with that either... must be something new. The only handle I ever remember seeing with a coated wire was the infamous Windy handle, that failed a lot just like your picture too.
I'm glad Kaz is standing behind it, and I'd really like to know when you get it, if it has a coated cable or bare this time.
Hope you get'er done in time and she's even better than the last one!
EricV
PS: Doug - The wire just goes around a tubular post inside the handle, no hard angles, the exit holes are chamfered if I remember right. I never had one break at the exit, only fray around the internal tube bend inside.
I think this is a case of not being able to inspect a smaller wire because of the coating, and the smaller wire fatigued sooner too... (just a guess that the wire is smaller, it would have to be, to go through the same size exit hole with the coating over it).