I bought a pair for $30 and did a few simple mods. I damped the baffle as noted above and put a little accordion folded paper towel in the cups for some rear absorption. I taped over the little vents on the sides of the earpieces, where the "left" and "right" labels are.
They are very nice sounding- bass is still a little fat, the highs are somewhat rolled off, and they are certainly not the last word in transparency, but they are smooth and very engaging musically, with no nasty show stoppers or distracting colorations, more so than any I've had under $200 retail. The soundstage is surprisingly convincing - while lacking in incisiveness, the presentation is smooth and uniform. Very surprising for the price. I prefer them to Grado 325s!
I have Senn HD600s, which are much more incisive, wide range and focused, and better across the board, but I'm in no hurry to take the Pannies off to switch back. The pannies simply sound good, and are far more efficient than the Senns, so they work well with low power devices. I'm using them at work running off my PC's cheap speaker's amp, and they sound quite acceptable at any reasonable volume.
I compared them directly to the Sennheiser HD-280 PRO, which sell for $100 on Amazon. The Senns have more energy on top, and accordingly sound more upfront and present, but at a price. The upper end is harder and hashier and in the end harder to listen to. The rolled top end on the pannies serves the music better, and I definitely preferred the Pannies for general listening.
The plastic covering on the earpads is a bit sticky. I think the Beyer velour pads would be a good investment (almost doubles the cost

). A little playing around suggests the velour pads might help with the bass hump too.
But the bottom line- they are fun, musically enjoyable and easy to listen to. If you like an easy, natural sound and don't mind a little extra warmth, you should buy them if you're looking for some cheap thrills! They are perfect for office use- cheap, and moderately isolating, so you can hear most of what's going on around you.
The construction is good for the price, but I have my doubts that they will hold up under rough use, given the price. If you don't knock them around, though, I think they should hold up well.
Rejoice! Good sound for $30!!! I've never heard the like.