I wasn't either that impressed with LP2, I'd concider it about ~$70 worth of sound quality (barely any better than XB500 if at all). The biggest problem for me was the frequency response balance, the highs were too recessed and it was too uneven in the mids. My EQ settings to get it sound a lot better, from $70 to 120~$130 sound:


Due to how much EQing it needs I can't justify the price for my needs. I absolutely loved the build quality, the feel, the looks etc though. Probably the strongest midbass around in any headphone though, these really POUND with drums and typical trance bass, slightly more than XB500 in midbass but loses slightly in subbass. The peak around 3.5kHz (well the graphs Tyll & V-Moda provides shows that) leads to the tonality of female vocals sounding inaccurate even if they are nicely present, EQing like above fixes the balance of the midrange and tonality sounds accurate of vocals again though.
Not ideal for Jazz, rock can sound somewhat muffled but with the right EQ settings it's very suitable for rock. Classical, uuuummm no, again with above EQ setting it can handle any genre decently though but it's far from ideal for all genres.
Edited by RPGWiZaRD - 1/20/12 at 12:05pm