Respect? Only in the sense that it is a widely recognized brand name.
I'm one of the few (I think) who approach anything made by Monster with a wide breadth of skepticism. I used to think their cables and related products were the sh**, but I've since grown out of that. The only caveat to the previous statement is that they do make some quality stuff, but they are invariably over-hyped and artificially inflated.
As for the headphones, the Beats headphones are decent. I've auditioned them at the Best Buys, and I thought they sounded ok, better than what I had at the time (which really isn't saying much). However, I could not bring myself to have any faith in a company who primarily peddles cables to suddenly become the king of headphones. I'm also not a fan of phones that have built in amps and other electronics (read require batteries to power said phones) to achieve a certain sound. I understand the engineering behind it, it's just that I guess I'm a purist. I think hps should be able to stand on their own and sound even better when an external amp is matched with them.
Like many of you, I do extensive research before plunking $200+ on something. Personally, $200 is too much to spend on headphones in general. (Blasphemy!
) But I'm at a point where I do not mind spending that much (or more) if I think I'm getting something exceptional in return. Based upon the many reviews in this forum and general bits of wisdom I was able to glean, I'm thoroughly enjoying my music and other auditory stimulators with my new Beyer Dynamic DT990 Pro. They may not be the "coolest" phones compared to the Beats, but I know mine will last me quite some time with even better sound compared to the Monster headphones. Beyer Dynamics also have a better reputation with respect to head gear.
Just my 2 copper leads.