the msrp of the k7xx is based on the original msrp of the k702 65th anniversaries as the k7xx are based on that model. now the current selling price of the k702 65th annies are lower than its msrp, but I don't personally have an issue with the approach that massdrop has taken with this. either way, the k7xx punches much higher than its price point.
old msrps aren't really that important in deciding whether a pair of headphones fit your sonic preferences and have good sound quality. i've found that price points don't always correlate will with sound quality, so I personally disregard all manufacturer msrp numbers and assign my own number based on my assessment of the competing alternatives on the market & how well the headphones fit my tastes. hahah =P
This is a consumer protection issue. You may be old enough to remember, but retailers routinely would mark items as being a certain percentage off, but the item would never ever sell for what the retailer was saying its regular price was. Consumer protection laws were then passed (at leas in California) that said that at some point the item had to sell for a regular price if the retailer was going to mark it as selling for that price. This is why you will see some sites , like monoprice, use the term "compare at price" rather than regular price.
MSRP means something. I'm not at my computer now, so I cannot look up the consumer law, but MassDrop is a retail establishment and they are being dis entice to their average consumer when they suggest something regularly sells for more than it does, only to then show a false and inflated discount rate. MassDrop should simply change the term MSRP to Compare At and they would be less deceptive.
As for MassDrop needing to research actual MSRP, yes, they should. It's not that much work, and if they post incorrect information that falsely inflates their posted discount rate, that is deceptive. It important for folks in this deal forum to understand that, so I feel it's relevant for this thread.
One more note. A number of counties in California sues Overstock for this very issue, and won. Overstock is appealing the $6M+ award against it. http://www.wired.com/2014/01/overstock-price-ruling/