Saraguie
Headphoneus Supremus
How would it make no sense to produce a stunning headphone at a lower price? Its called beating the competition. (I'm not saying that the EL-8 is an LCD-X killer or even as good as the LCD-X, just making a point).
Its economics 101.......Audeze is not putting the difference between the cost of a $699 headphone and the cost of a $1945. headphone into their pocket. The LCD3 (and 2) is made with better components therefore the sound, generally speaking is better on a their $2k headphone than their 2/3 less headphone at $700.
Is it 300% better? Probably not, but certainly it is much better as it should be.
The EL-8 is probably a 'stunning' headphone for the sub $1,000 price range. But of course it is not a LCD killer.