Well it's rude to ask for cash, but in some cultures like indebt mentioned it's expected. Depends on wedding.
Personally I would find it rude if someone asked blatantly for cash. But heck it's becoming more common now.
And also personally I registered for gifts, though DH and I were living together 5+ years. We also had a Money Box at the entry because we are east asian and our families do money period. Red envelope and cash.
But for our american friends we never dreamed of being so crass and saying "yeah we have everything, give us money, pony up cash." And we certainly did not pick expensive things on the registry. Why? Because again it's rude to dictate that you need $x amount for a gift.
It's the thought that counts. If all you are doing is inviting people for the gift, then you should reconsider. Everyone at our wedding, 55 people, were invited even without an expectation of a gift. And some of our friends gave very simple and lesser priced gifts. But we were happy to have them share our day.
Granted we invited about 5 friends each, the rest was family. So basically we had a expensive wedding lunch for the family.
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