For an inexpensive mass-produced headphone, I certainly agree. But the Cascade isn't an inexpensive headphone, and CA is a relatively small company, so I'm not sure I agree with the argument in this case.
I'm familiar with break-in of cars, and there you have a lot going on with wear of components, lubrication, seating of many moving parts, etc. The physics of headphone dynamics seems a lot simpler to me, with wear and lubrication not being factors. In terms of mechanical deformation of headphone components, you have elastic deformation (which doesn't change over time), plastic deformation (which reflects something being overstressed and damaged), and creep deformation (which results from sustained loads, which we don't generally have with headphones). These don't fit the concept of headphone burn-in. Another possibility is connections between headphone components "loosening up" with use, but I'm not sure that would be a good thing.
I can't say there couldn't be physical burn-in with the Cascade, but I'd like to see evidence beyond subjective impressions which could be due to psychological effects. Perhaps CA can chime in on that.
Also, 150 hours is a rather long burn-in period. That amounts to more than 2 months listening every day for 2 hours. I wouldn't trust my memory to compare with how a headphone sounded to me 2 months prior.
To be clear, I'm not a critic of CA or their products. I've heard good things about them and am considering purchase of the Cascade and/or their IEMs.