I don't understand the various comments that indicate the using EQ is a bad, even terrible thing, that it counteracts what the "musicians intended," etc.
Hey, it's my/your ears; the music should be adjusted so that it sounds best for one's own listening preferences. Where did all this sanctimony come from?
The truth is that for most of us who don't own zillion-dollar audiophile equipment, we can be darned sure that what we're hearing over our humble equipment is NOT the same as the performance was "live." This is particularly true when listening to portables. And I KNOW that my Etymotic ER-4's aren't reproducing the bass frequencies at the power/volume of the original performance. When using the Ety's I always EQ to increase the level of bass.
And this is particularly true when I listen to bass-heavy dance music. I have been to live situations in which this kind of music is being sent out throughout a club environment. The bass is so powerful it veritably vibrates throughout one's body. I would say that via ANY kind of headphone arrangement one is not going to experience the music this way. I daresay the same is true for many/most rock music reproductions. In person the bass is physical, immediate, penetrating. Via headphones, no way. Given this reality, why not EQ the bass to bring its "presence" up to a higher level than otherwise will be the case?
That said, I realize that the quality of EQ'd sound from a lot of sources leaves something to be desired. And yes, from the iPod it's pretty horrendous. I really wish there were a good, small EQ device one could splice into a decent small headphone-based audio system.