Kevin,
All Cache processes are running in Windows using credential assigned to the Cache service. The only exception to this are processes started through direct interaction of a user logged in to the local machine at the windows level (like Cache Terminal started locally from the cube). If you were to click on 'Remote System Access', then 'Cache Telnet', and then telnet to the local box, your shared drives wouldn't work then either, since the process to service the telnet connection is started by the Cache Telnet Daemon, and would be started with the Cache service credentials.
If the process using Cache Terminal issues a JOB command to start another process, I believe it is Jobbed with the Cache service credentials, not your logged in credential, but I haven't had time to verify that.
So, any Cache process that starts to service RPC calls is going to run with the service credentials, so mapped network drives would not work. They can use the UNC name for a network share, provided the Cache service has been modified to use a valid username/password that has access to that network share. If they are running as the 'system service' account, they can access local paths, but has no access to network resources - shared paths or shared printers either.
Also note that this behavior changed from earlier versions of windows, because of changes to windows security not Cache.
Mark