I have been a defender of the P5's since inception. But in reality, when you you compare them to other headphones in the same price range, you hear that the soundstage is chocked or restricted. The highs are muffled and the the lows are rolled off. Yes, all of the sounds are there, but it is as if there is a blanket placed over the headphones, and the soundstage is is limited or constricted. They are a beautiful piece of art and you can tell that they are a class act, but when comparing them to the ESW-9's or 10's, they sound downright muffled.
Everything is relative, and when you don't compare them to any other headphones, they are the cat's meow. But when you put then head to head against other cans in the same genre, they don't measure up.