I think what is happening in this thread is what happens in 2 channel all the time. I even spoke with Suyang from EA about this. It's that we are told by manufacturers HOW audio SHOULD sound. Then tailor this SOUND to what THEY are giving us and not what true audio should sound like. YEs we all heard differently, but if a transducer is good, it will be pretty close to neutral and not be fatiguing. Fatigue can be in both the highs (harshness) lows (WAY too much of a good thing or with NO articulation or in the mids when why are so far forward, that you THINK they sound like you are there, but if you really were there, you wouldn't have the lead singer sitting on your lap (unless it's Diana Krall and in that case EE or anyone, needs to come up with a virtual......oh wait, this isn't Pornhub it's Head-fi.org, sorry).
I think the Phantom's are the first IEM that is going in the direction of honest portrayal of what you may hear at a real live music event. That's scary to some as they won't want that for many reasons. For many of us, it gets us closer to the holy grail of realistic audio production in an IEM/CIEM. JMHO
I am not sure I agree or maybe I just don't understand your point.
What is an "honest portrayal" ? I think this is a dangerous road to think that any sound system has the capability of portraying all music as "it should be". Why are audiophiles so obsessed with this? I think that if you ask EE or Nic they will also say that there are some genres that the Phantom is not the best for. That doesn't take away from what it is great at, there are just some genres that are better with other monitors. A lot of the live shows I attend at, they use Orange amps for their guitars and bass, they want that meaty crunchy sound. Other bands use Marshall. A lot of blues is on tube amps. Drums is a whole other can of worms. Why should personal audio be any different? You need to use a monitor best suited to the genres you listen to, and sometimes you need more than one if you have a wide taste. There is no end all, be all.
I am sure the Phantom is great but let's not get too caught up in the hype (that I otherwise enjoy)