I tried today a friends LG QuadBeat and I would agree with a previous post. I can not find absolutely any area that the LG perform better than the MH1.
On the MH1 it does not matter how you set the equalizer. The mids are a bit recessed but the sound as a whole is super crisp with excellent separation and no congested highs, only the bass is a tad on the high side for my liking but I am sure many people would love that. On the contrary it does affect a lot the LG's (on flat setting they sound like cheap earphones IMHO).
I guess there is nothing even remotely close to the MH1 for their price.