Pros: fantastic mids, intimate soundstage, dark, smooth, non-sibilant highs, highly detailed, comfortable, warm mid bass, not picky with cheaper amps
Cons: No extra goodies in the box for the price, not as transparent at times as the Q701, not much sub bass (like most AKGs)
The K702 "Annies" are basically the sonic precursor to the K712 Pros, which just rolled off the assembly line. Think of them as a Quincy Jones Q701 but with squishier ear pads, no head band bumps, softer, less sibilant highs, more mid bass, more intimate vocals, and a more musical body to the sound. Instruments don't quite float in the air like they do with the Q701, but to me, the less bright highs make them easier to listen to for longer periods of time, and surprisingly make them a bit easier to pick out nuances due to a less distracting bright treble.
The mid bass is definitely strong, though not as much as the K240 Studios/MKIIs. The Annies still have that fast (compared to dark Sennheisers) sound, musicality and natural mids and vocals which I love about AKGs. They are a little thicker sounding than the Q701s, but not veiled or overly thick and detached sounding in the vocals and mids as darker, bassy Sennheisers. They also don't have that obese, somewhat indistinguished bass that Senns have. Take note that they aren't very strong in the sub bass, or with synthesized bass. But they are great at reproducing powerful bass from drums, upright basses and bass guitars so they do a good job with more instrumental hip-hop like The Roots and Q-Tip. I am running them off a FiiO E09K desktop amp and E07K DAC, and they are not giving me any issues with sounding harsh, unlike the K240s which tore my ears apart with that setup from the treble sibilance.
For the price, they are great headphones that take a good middle ground between darker, laid back Sennheisers, and analytical, lean, but musical AKGs like the Q701 and K702. I am highly satisfied with my purchase, as the K702 Annies indulge the Euphonichead inside me.