Some advice for my fellow K550 afficianados. Underneath the pad is a ring of white material (looks like Nylon). I just got some Brainwavz Angled pleather pads and when fitting them noticed the white ring was coming off. You can see here where it fits and what it looks like (This was after it came off, note the electrical tape under it).
After this white ring had come off (on both sides) I fitted the Brainwavz pads.
Initial reaction was that my K550's were broken. I finally understood what people were talking about with seal issues - no bass. At all.
I put the original pads back on and it was a little better but still broken.
When those rings fall off (felt very lightly glued) it opens up 3 ports and completely kills the bass. You can see the holes in this picture.
I tried electrical tape (as you could see in the first picture and the bass was right back where it cam from but something wasn't right. This got me thinking about my panasonic rp htx7 phones that had somewhat flabby bass tightened up by covering a couple of holes and I remembered what I used.
Micro-porous tape!
I'm now sat here listening to Beth Hart Fire on the Floor and I've got a huge grin on my face. My K550's are BACK! (and have the Brainwavz pads on)
So if your bass disappears get the Micropore out.
As these have been not been used for months but have been sat in a room that get's pretty warm at times I wonder if that's what has damaged the glue on the white rings and it also makes me wonder if that has been the issue for some people who have said these have no bass?