I think I can go with the braces or the u-channel aluminium.
The problem I see is, how do I get the braces in there if its supposed to make contact with 3 sides? I asume I would make that from a single piece, or could I make it out of 3 pieces and fix them together once they are inside? I could use wood glue between them and drill some small holes for screws to go in. The size would have to be exact though which doesn't make it very easy (but doable).
If the brace is running from the front of the cabinet to the back, you should be able to slide it in through the speaker hole and then move it to the left or right without rotation. If you're planning to run the braces vertically, that's harder, obviously and might require multiple pieces. One easy solution for vertical braces is to just run them in segments: one from the bottom to the first window brace, one between the window braces, etc. The next best thing to connecting sides of the cabinet is connecting existing braces and sides of the cabinet.
The sizing/fit issue is one of the reasons I recommend using polyurethane when possible; polyurethane expands as it dries and will fill gaps up to a quarter inch! That expanding property is why I didn't recommend using polyurethane without something to hold the brace in place; the adhesive will expand and dislodge the piece. If you're using screws to hold everything though there's no problem; with screws polyurethane would be recommended (the screws would be serving the same role as the clamp).
If you want to use wood glue, you basically have to sand the pieces to fit as closely as possible because wood glue shrinks as it dries so you need a very good fit to start.
I think I prefer the u-channel though. It sounds easy. Drill a couple of holes and screw it in there.
You can do the exact same thing with wooden braces (drill holes and screw it in); you just need longer dry wall screws. Whether you use wood or aluminum I'd definitely recommend using screws for retention if you can do it. I only mentioned clamps, etc. because it can be hard to get a drill inside a cabinet. Whether you use wood or aluminum, as noted above, I'd recommend using some kind of gap-filling adhesive between the brace and the cabinet for maximum damping.
Would I place them diagonally on a panel? I made a quick drawing, see the attachment. The dots inside the aluminum would be screws.
You can place them diagonally and some folks think that's the way to go, but IMO it's easier to get good solid contact with more sides of the cabinet if they're lateral or vertical. If you were going to make them diagonal, I'd strongly recommend making them longer than illustrated so that they make contact with the sides of the cabinet and/or the existing window braces. The more parts of the existing structure that you can connect by a brace, the more effectively that brace will damp the cabinet. Ideally you want to create a network of interconnected sides and braces without consuming too much interior space, so make sure each brace touches/is glued to as many walls of cabinet and/or other braces as possible.
Having the braces positioned as in your illustration will not damp the panel very much because they're only connected to one side of the cabinet and no braces (Or maybe two sides? I'm not sure what the wavy lines represent).
Is using braces that much better?
I assume you mean wood braces? The aluminum u-channel is also being used as a brace, so I assume you mean wood vs. aluminum?
The main advantages of wood over aluminum are: price and ease of work.
1) Hardwood 1x2s in my part of the world are less than a quarter of the price of aluminum U-channel inch for inch.
2) Making and securing a wooden brace is super easy and can be done in a few minutes with a hand saw and an electric drill; customizing the fit can be done by hand with sandpaper or an electric palm sander. By contrast cutting aluminum requires a hacksaw and some serious effort, and drilling it requires stronger bits, more time, and a deburring tool to handle the nasty jagged edges left by the drill. And if you got the dimensions slightly wrong, it's very hard to remove exactly 1/8 inch from the end of the u-channel (unless you have an angle grinder on hand).
The main advantages of the aluminum are:
1) Much lighter for the same stiffness (which can be a plus or a minus if you need more mass)
2) Occupies much less internal space for equivalent stiffness.
I used U-channel extensively on my big speakers, but that was because I knew they would be pushing 200lbs when I was done, and wanted to be able to move them
Using wood for all the bracing would have added another 20 or 30lbs most likely. When I make smaller speakers, I always use wood because it's cheaper, easier, and massier. IMHO I'd only suggest using aluminum if you're worried about adding too much weight/using too much space (or if by some fluke of international pricing it's cheaper for you than wood).