Just cut, strip and connect the ends and cover with electrical tape. It will not affect your system negatively in any way but the speaker does give you diagnostic beeps at boot if you have hardware problems so just splice the wire!! If broken at the speaker connector use the soldering advice form above. Piece of cake!!
Noli Nothis Permittere Te Terere!!
EVGA 680i, Dual EVGA 8800GT'S (650/950), 4 gigs OCZ DDR2 1066, Intel Q9450 at 3.8 Ghz, Koolance Water Cooled, Dual Plextor16x DL DVD+/-RW. Dual WD 250gb 16mb Cache Sata 3.0. 3DMark06 score = 19,168.