Is the RemoteTalk cable compatible with non-Beats headphones?

I really love the three-button remote + microphone on certain headphones, so much so that my next headphone purchase could not be without them, which limits my options somewhat.

Then I noticed this cable, and I thought: surely I could just buy a normal pair of headphones with a detachable cable, remove that cable and replace it with the cable that already has the 3-button remote built in? Would it still be compatible?

The RemoteTalk cable is made by Beats, and Apple licenses the technology to them quite restrictively. But I see no technical reason why it wouldn't work with non-Beats headphones, or indeed any third-party audio device. But then again, I haven't seen a single other cable like this on the market. I don't know why no-one else is manufacturing a similar product. This seems like a really good idea for a cable.

Excellent! Finally, a Beats product that I want to buy.

I do wonder though why it has the four-banded audio jack on both ends, though I suppose that's just in case you plug it in back to front.