Coming back for follow-up impressions.
I wasn't listening as intently with my first impressions, but since then I do notice a spike in the mids. It seems that the deep lows, the middle mids, and top end highs are a bit boosted to give the headphones a W shaped sound signature. While this is fine, and you can think of it the "clear" EQ setting with a touch of bass, it's not necessarily fun to listen to. The sound is still thin and that's mostly because of this sound signature. I'm not in a total rush to listen to these headphones, but they are decent enough to periodically listen to them from time to time.
Burn-in might have touched up the bass' punch, but nothing else. These things run off of anything just fine, but they are rather sensitive--similar to a high sensitivity IEM--so there is some hiss out of less-refined sources. It's fine for portables, but not so much for higher end home equipment that doesn't accommodate high sensitivity cans.
Wearing these around town is kind hard since my neck is rather "beefy" so the cans are barely loose around my neck--and that's with the headband fully extended. Talking about the headband, V-moda must think my head is the biggest in the world, since I have to extend these to their max to wear them well. And I have a medium sized head. The earpads fit me well, but I'm unsure about other people since I have rather small ears--people with larger ones might not find them very comfortable. Still, they are fine for keeping around neck if I'm just shuffling form place to place, or to put them to rest for a bit. They do look very nice, not too gaudy, but not too dull either. Just right when wearing them too, as they are small enough to just blend in and not protrude visually (like Grados do).
The cable is still my main problem. While I haven't tested the mic, the controls are a bit iffy. The cloth cabling, while is nice for durability, causes it to tangle very easily and just loves microphonics. I'm happy that it's detachable so it can be removed if the headphones are at rest around my neck, but it tangles easily and likes to form tiny little loops when untangling. I'd love to see a flat cable on these. Might pick one up later.
I know there's a lot of negative here, but at the end of the day these the design of these headphones is golden. The looks, the size, the build, the fit (that a tight gripping on-ear headphone can offer) is all good. The sound might not be exactly to my taste, but listening to another signature will let me appreciate my fav signature more. I'm happy with these for $40 for sure, and they will become my standby listening cans for away from home.