I just posted this info on the baffle forum but since we are here and now.....here goes. To follow up on what Danny was saying.....you will never get the low distortion sound of an open baffle from a box. The air pressure behind the driver limits its ability to track small variations in signal. This I have heard directly. Also a two way speaker is always compromised. The woofer is modulating the midrange and also the back EMF from the woofer excursions also screws with both the mids and highs. Also you can never get great bass from a small box. And, if you biamp you can use equalization on the woof and remove the back emf all together from the mids and highs. Have you ever heard bass in your room equalized to plus and minus 1db? So, what is the purpose of a monitor? They look cute. If you have very little money then they make sense. But why would you want to spend serious money on an expensive 2 way monitor when something like what Danny will be making shortly will simply kill any monitor. 3 servo 8s with open baffle mids and tweet above? You are not going to touch this with a tiny squeeky boxey two way...no way. The footprint of an open baffle system can be as little as 10 inches wide. So, basically the same as a monitor on a stand. If you do not like the mids radiating to the rear you can simply hang some felt on the back of the speaker.
Hi Rick (it just dawned on me who you were

, so thanks for the reply about the BDP mod). While I agree overall (though not necessarily with the fine details of the technical explanations

), there will always be a place for stand mount/bookshelf speakers. I've been doing OBs since '04, so I know where you're coming from. What you describe sounds a lot like Paul Hilgemans
http://www.enjoythemusic.com/magazine/equipment/0907/nomad_audio_sentinel.htm . Paul and I use to converse a lot on Madisound about doing OB coaxs, he just beat me to the punch! Sadly, it appears he is no longer a manufacturer.
The problem with this approach is of course, the minimum distance needed out from walls with a dipole. Some folks simply don't have that kind of room. And no, felt has approximately zero effect on <200 hz (nearly 6'!) wavelengths, plus that negates on of the biggest strengths of the dipolar effect, the added reverberation contributing to spaciousness and depth.
Sometimes, those little boxes have their place (not just on a console

). Then it comes down to designing them to maximize the performance, given the likely constraints of placement.
Now if someone buys a $30k 6" 2 way standmount that is going to be placed 6' out from the front wall in a 20' x 25' room, then I'd say yes, they probably have rocks in their head.

cheers,
AJ