I've said this before in other threads, but the Q701 sounds much better and very, very slightly different to me. Could it be my imagination, variations between pairs or perhaps that the Q701 is burned in longer at the factory? It's rather silly to pretend that the new fancy button has no effect on the sound. I don't think AKG would slap a button on there without thinking through the resulting sound. The foam from what I read is also different. Has anyone went through each and every part and compared them? AKG would have to be stupid to release the Q701 without making some tiny changes. It seems that even with the K702 they made minor adjustments (that most people don't even hear).
Here is what my ears tell me....
Q701 is warmer sounding than the K702. It's treble is much, much smoother to my ears. I've owned my Q701 for 2 weeks and not once have complained about it's treble. Nothing has changed in my setup.
The Q701 has TONS of bass. More than the Pro900. Ok, sorry, I made that up. To me, I can't tell if it has any more bass than the K702. Maybe a very tiny bit, but probably not audible by my ears.
I had the K702 about 6 months ago and liked it but it's treble was painful for my ears. Had 200 hours of burn-in. The 2nd problem I had was that it's mids were a bit too lean and at times felt they almost sounded recessed. Huh?! No, not the upper mids. The Q701's mids sound a bit fuller with more body. Maybe it's my imagination? Don't think so.
3rd problem with the K702 was it had a very goofy soundstage. It was especially noticeable in gaming. Things that were 2' away in game sounded much more distant than they sound be. That was another killer for my K702. At times things sounded too far away or distant with specific music. The soundstage didn't seem so accurate and artificially huge.
The Q701 feels as if the soundstage is MUCH smaller, but still very large, but more accurate. Vocals don't automatically sound distant, but just the way they were recorded. The Q701 isn't the most engaging and fun headphone in the world, but I love it. Can't say the same about the K702 (that I did like).
Now some could say it's all my imagination. I just know I couldn't deal with the K702, but have ZERO complaints about the Q701. Two weeks in and I haven't had any issues yet.
Now there are some who bought both and compared them and found ZERO differences. I'm not saying they're wrong, just that they sound very slightly different to ME. Maybe there is a specific frequency that was tweaked to make my ears less bothered.
I wouldn't suggest upgrading your K702 to the Q701. If you had some of the same issues with the K702 I had and sold it, the Q701 is worth a try. Just sell it or return it if you don't like it.
What's funny is that I'd take the K501 or K601 over the K701/K702 any day, but I prefer the Q701 over them (there's now 3 on here that have said this!). I compared the K601 to the Q701 last night and female vocals are now just as good on the Q701 as the K601. The Q701 is slightly less warm than the K601, but pretty close.
So..again..very minor differences, but enough for me to keep them this time.