Right, a center wire does very little duty in such a build.
I've also taken apart some cable, that looked to be the same build, with each component itself being litz of some size (like 3 x 5 x 22 or something, I don't remember). So they went to the trouble of using proper litz sub-cables, but wound them around a central one that does nothing, or at least much less than it ought to. Go figure. It probably wasn't the most well-considered piece... it may've been China or Taiwan sourced, dunno.
NEWT at least doesn't recommend such builds, and typically designs these sorts of cables with 3-5 units in the final braiding step (so none get stuck in the middle).
They do have some strange (in the useful way) builds suggested in their catalog -- namely, cables built with rope (insulating fiber) spacers, to further reduce current density and capacitance, for applications where that's advantageous (probably stuff like RF tanks for big transmitters).
As for definition, I think it properly has to be multiple units braided. Just a pile of strands, doesn't generally perform all that well (though still better than bare stranded, which is itself noticeably better than solid, FYI). Doesn't matter all that much for small strand counts (like 7), but once you're into the dozens, it starts to matter more and more. The strand size also needs to drop as you get into large counts, as the proximity effect upon every strand dipping into the middle of the cable becomes substantial.
So, a typical pattern might be to braid 3-5 units of 5-50 strands each, and 3-5 units of those and so on for larger and larger cables, as needed. The biggest I've handled was... about dick sized, is the easiest way to put it. With a flexible rubber (neoprene?) jacket, it kind of had about that feel to it, too.

Tim