I'm one of those who praised these a few months ago, I lurk around put don't post anything on the SM3 anymore. I still think the SM3 is one of the best Universals I've heard, in fact they are so good that I have felt the only way to get something better is to switch to customs which I should have in a couple weeks. The SM3's are very good, infact they are are excellent but if someone wants the ultimate in sound I suggest biting the bullet and get a premium pair of customs if budget allows, its probably cheaper in the long run anyways.
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I think this is a great post. There is quite alot of bandwagon following after the SM3's got some initial good reviews and people jumped on it just because of them imo. It's a great IEM but the FOTM following for it has been excessive imo. People saying that it beats SE530 at everything, but then the SE535 comes out (essentially the same IEM) and now people are all over it's tail.
I can't fault you people though since it's indeed a great IEM, but it's just not as good as people make it out to be imo. Even blind a/b-ing to some very experienced head-fiers at our little meets shows the same results. I was really thinking it would blow me away after reading all that, I was indeed impressed but most of the claims are vastly exaggerated