I will be purchasing a new pair of headphones today and after reading various reviews, I've drilled it down to either the SteelSeries Flux or the M-Duo.
Would anyone be able to comment on the differences between these two?
It's odd that as a head-fi novice, I can offer my experience. Please keep in mind that I'm not an audiophile by any means; all of my music is ripped at 128 kbps AAC, and I have some figure-ground discrimination problems. Also, I listen mainly to acoustic jazz, where the bass plays a softer role in the music than in today's pop and hip-hop.
That said, I found that just out of the box, the SteelSeries Flux had almost no bass. I had used only Apple's Earpods at that point, which aren't anyone's idea of a bass monster, and the Fluxes paled in comparison to even the Earpods. I asked my wife (also not an audiophile) for her opinion, and her first comment was "Is there a bass adjustment on this thing?" I predicted that even with an adequate burn-in period, I wasn't going to be satisfied with the amount of bass that the Fluxes produced, so I returned them.
I don't think I have to comment on the M-Duo's bass capabilities, except to say that even listening to acoustic jazz, I appreciate the depth and harmonics of the bass. In fact, the ability to reproduce harmonics all up and down the listening frequency spectrum makes the M-Duos a pleasure to listen to.
I respect ljoker's perspective on IEMs — s/he's clearly a careful listener, does thorough listening tests, and she allows for an adequate burn-in period. But his/her reviews come from an elite perspective: s/he obviously has very sensitive hearing and listens to a range of artists that exercise IEMs in a way that commoners like me won't ever do. It was based on his/her review and others on this forum that I bought the Fluxes, so I learned that my experience with any IEM would probably be more in line with Amazon.com's reviewers than headfi-org.'s.
Since you've homed in on two IEMs that interest you, I suggest you buy both and compare. No amount of others' experiences will compare with your own. The cost of returning the pair you don't like will pale in comparison to the listening pleasure over the long term of the pair you keep.