Johan, you might even just change the preference to use Image Capture to download the images. If that works, you'll know the cable, the port and the camera are all OK. Then, switch back to having iPhoto do the downloading, it might even work this time!
BTW, what version of iPhoto are you using? And which Mac and OS, you seem to have several?
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[A card reader is] Quicker & easier than interfacing the camera for pic transfer.
I can't imagine how. All I do is plug the cable into the camera, turn it on (if it's not already), and the pictures take about a second apiece (maybe faster!) to get sucked in by Image Capture. And that includes deleting them off the card!
Absolutely no wear and tear on the cards (and the camera's) contacts. And there is no added expense. Period.