Leather/pleather pads on the LCD-2, and velour on the HE5?
The LCD-2 gets my vote. My experience with orthos is that sealing the ear chamber is of paramount importance. I wasn't greatly impressed with the LCD-1 because the donor headphone was so lame, but the driver was a sweet bit of kit. I'd be very keen to hear this new version. As for the headband, yes its not as pretty as the HE5, but I'll bet that it's more comfortable given the weight of these big ortho drivers. As for overall looks, they're both better than any pretty headphone which has had a Jenalabs cable put on it.