Agreed...
Everything you say, I will certainly grant. The O2 is a highly refined sound, and I do not knock it for what it is for a second. stunning...
I did hear them (404, O2, 202, 303) in comparison during a relatively short duration, yesterday.
Previously, I have spent a fair amount of time in the O2 (longest at one sitting is 20 minutes), with several sittings lasting a song or two at different people's meets, or houses. I had never heard the lower end Stax.
From the most recent boxing match, for me, the 404 came out on top. Lots more "jump" factor, and a seemingly more neutral character geared towards studio engineers. A little upper midrange stridency, less absolute detail, and a little bit of "plastic sound." But they simply struck me as a really good value for the money, especially considering that an amp could be DIYed. Headphones are like a motorcycle for me personally though. I do not spend long periods of time in any headphone except Etymotics because of the noise reduction factor. An album at the most though even the nicest headphones before the little sonic issues (I am incredibly picky) start to bother me because they are right next to my head. For longer periods of time, (and for most listening) I listen to speakers.
Ill put it this way: the O2 seemed like a relaxed, european (speaker) tonal character. the 404 seemed more of the japanese ilk: highly dynamic, emotionally powerful, not overdoing the bass. Ill bring this factor into play here: apples and oranges...
They are very different sounding headphones to me. The O2 seems like Stax worked very hard to not give us anything that would remotely fatigue us during listening. That is VERY appreciated from my perspective...and perhaps part of the problem. they seem a little heavy charactered (though they are incredibly fast). Again, no offense intended... apples and oranges...
Even the Orpheus could be considered more fatiguing than the O2, with its slight tizzle on top and low bass yeehaw...
If the 404 were a little bit more refined (at roughly the same price), it would be a complete no brainer for me. For now, I just have my mouth on the bait...
-Clark
Again though, is there a DIY history behind this headphone?
Thanks!