Personally, I'm quite wary of the FOTM thing, because I've been burned before. A whole bunch of reviewers kept saying how wonderful the Future Sonics Atrio was, so I shelled out and they were complete rubbish (apart from the bass, of course). I seriously could not understand how anybody could consider the Atrios to be average phones, let alone the best on the market.
So that experience makes me a little more cautious this time.
It's interesting that a few months ago all the reviewers were raving about the UM3x, about how it was an improved Westone 3, and how it was virtually faultless. Then, after a few months, the first grumbles about soundstage started surfacing. Now the soundstage issue is recognised as being a negative attribute of the phone.
Now we hear that the SM3 is the "perfect" phone, how it has all the qualities of the UM3x but with a much wider soundstage. It all sounds wonderful, of course, but I'm just wondering what people will be saying six months from now...
I'm going to purchase a high-end IEM sometime this year. But I'm going to wait, I think, until things settle down a bit. The SE535 is shipping this month with a tweaked sound signature, and the x-jays are also on the horizon.