engk, edit: (sorry, Jessi)
be careful that you do not fall into the comsumer spec trap which has been carefully constructed by the manufacturers. Even $2 headphones list 20 Hz - 20 KHz.
You may want to get a chromatic scale cd to see what your actual hearing can go out to.
Many here argue that a person can not hear 0.5 dB difference. I feel that I can detect a 0.25 dB difference. And on my computer I can easily detect a 1 dB change at 16 KHz. The problem with equalisers is that they have a broad affect around any given frequency. You would think that they use more than 6 dB/octave filtering. I would like to see a 24 dB/octave filter, myself. Along with it not being +,- 10 DB or 15 dB travel, but rather a +,- 1 dB travel over the same 10 clicks (0.1 dB per click).
also remember that all inherent sound can be manipulated with higher grade components, and that synergy seldom happens, except by accident. after all, isn't that why we love our hobby?
when you get into dvd-a and scad, you'll find some interesting articles which say that even though the human ear can not hear past 20 KHz, the higher frequencies (out to 100 KHz) can affect timbre at lower frequencies (inverse harmonics?).
as always, trust your ears. they know what sounds good. and when they do, you'll find a smile pasted on your face.
a grin is just plain heaven.