We should get real - the mh1c is a very very good good overall performer, especially for people on a budget. It is by no means better than the gr07 for instance aside from the isolation and the fact that I can use it for commuting without worrying that the rain or something else might ruin it. The GR04 flagship is also better in some areas as it provides a more intimate, smooth and relaxing sound
I would say the mh1c competes with the gr07 easily, and many others in or even above that price range. Placebo on price vs performance can be hard for folk to swallow, and yes this is the crappest designed j-cord I have ever seen but at least the cable is sturdy, i see it lasting a long time. They might though have some of my favourite tips of all time though, these create an immense seal on me.