I will be especially interested in the comparison with the Omegas. So before
John Buchanan gives us the real facts, let me make some predictions.
Like many Stax fans, the Omegas seemed to be the phones to get, although I have still not heard them. Also they are so damn expensive that they are hard to slide through a hole in the family budget. Even buying up an old Sigma on Ebay and modifying it with all new 404 parts was a fraction of the cost of a new Omega. And then quite a few people have said they didn't even like the Omega, so...
But there are always some naysayers, one of my friends didn't like the Orpheus system, couldn't see what the fuss was about.
Still, the Omega would seem to have some things going for it that should translate into an improvement over the older designs such as the Sigma and Lambda.
In some respects they resemble the latest Lambda pros, the same thickness of diaphragm, and a low capacitance cord like the 404, I believe.
However, they appear to have a much more solid transducer capsule, which should translate into an increase in clarity and punch compared to both Sigma and Lambda pros.
The Omegas are supposedly less efficient than the Lambda pros, but I would imagine them to still be more efficient than the Sigma pro. The Omegas appear to seal around the ears. The Sigma is a wholy open design, open back, open sides and no direct coupling to the ears at all. Sometimes I am amazed that the Sigmas work at all. Efficiency should translate into some increase in clarity, the drivers of the Sigma/pro have to be driven harder, meaning more intermodulation distortion. The lack of coupling should also mean less deep bass for the Sigma/pro designs. Certainly this is so comparing my Sigma 404 to the Lambda 404.
Many Omega listeners call it "dark," which I suspect translates as bassy. Few seem to find it as sibilant as the various Lambda pros. All the Sigma designs are somewhat dark, and most people comment about a mid-bass hump probably caused by resonance in the enclosure. I find the hump pretty much the same between the old Sigma Pro and the Sigma/404. The hump seems less well-defined with the low bias Sigma, possibly because the low bias system has more ambience of all frequencies, which tends to cover the hump.
The latest Sigma mods, have more treble than the the basic Sigma pros, at least that is so for my Sigma 404 versus low bias and older Sigma pro, but are still no-where near as grating as the regular Lambda pros can be with a bad source.
Of course what sets the Sigma apart from virtually every other phone ever made is the positioning of the transducers ahead of the ear and at 90 degrees to the ear. While not a complete solution to the problem of making headphones makes sounds like objects in real space it does give rise to more of a perception of sound "out there" and in front of the listener than conventional phones. Even my 404's can make sound appear out of the head to the sides, but only the Sigma does this to the front. And even when the forward projection is not convincing they give a pleasant sense of an auditory at least somewhat ahead of a line between the ears.
So I will make my prediction:
Omega: better deep bass, better clarity and slam, frequency response somewhat similar to Sigma/202, but less/no mid-bass hump.
Sigma: the elusive quality of sound caused by the projection of sound 90degrees past the ear rather than directly into the ear canal, giving rise to a sound image or soundstage more forward and ahead of the listener than in the head. Somewhat closer in frequency response to th Omega than the Lambda