I would say the Alessandro MS-2 for 300 american dollars is a great choice. most people say that the 225's are the sweet spot (best sound for the money) in the line, but i would have to disagree. i know it's not technically a grado, but it's close enough. anyways i think they are worth the extra money over the 225's (which are still a great choice mind you). You get much neater (and deeper) bass, and the highs don't induce headaches. plus they look cooler i think haha.
so if you were trying to decided between the 225's and the MS-2's like i was a while ago, I say save up your money a little longer and get the MS-2s. In my opinion, these are a definite canidate for one of the best pairs of headphones under 500.
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my music
Here: Self-built PC ¬> Digidesign Pro Tools External Soundcard ¬> Ally ms-2's.
There: Cowon A2 with DIY true line-out (FLAC and LAME [encoded or otherwise] MP3's @ ~256kbps) ¬> TCP earcandy ¬> SR-71 ¬> Audio-technica ESW9.
Current dream headphone: Grado Labs PS-1
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