Is it a certain fact that 300 hours of burn in time will improve the sound?
I'm not hearing any differences in sound as I continue to play music through mine.
I think that changing cables from the stock to the Moon Audio Silver Dragon produce immediate improvements. Still, the Silver Dragon is too bright and energetic for my tastes. I can't stand the sound of this combination. There's too much of a glossy sheen over the music.
Overall, I like the AKG K 702. It's got a few minor flaws, but it's not additive in nature. For classical and opera, this is really the headphone to beat in its price range.
I compared them to the Grado GS-1000i and PS-1000 and I thought the Grado cans sounded wrong to my ears. There's this weird sound that emanates from them that isn't found in the natural environment. The AKG K 702 sounded much more accurate and neutral. The GS-1000i in particular has this weird wooden house sound that makes violins and violas sound very vivid, but perhaps too much so. There's too much treble energy spike and the bass is too warm and full bodied. This is particularly true for the PS-1000. The metal on wood combination is just too much. They don't sound true to life and they're a lot more expensive.
I also compared the K 702 to the Sennheiser HD 580, 600, and 650 and 700. The HD 700 is particularly interesting because it's got the nice place holder status between the HD 650 and the HD 800. It strikes the right compromises between the gap. I thought that the HD 700 was more closely competitive with the AKG K 702, but it's pretty much a toss up coming down to personal preferences.
HeadRoom is correct in writing that the AKG K 701, AKG Quincy Jones Q 701, and K 702 are the best cans that directly compete against $1,000 dollar headphones for a fraction of the price.
The only downside to the K 702 is the top octaves in the treble region are slightly rolled off and there's a bit of warmth that is not strictly accurate or flat sounding. The bass is cavernous and textured, but it lacks the impact of other cans with more prominent bass power. Reference headphones exhibit this tendency. Bass quality defined by timbre accuracy, texture, PRAT, and tightness is featured at the expense of bass impact power. I don't like bass heavy headphones.