Just wanted to point out my experience with the Home Depot industrial floor tile listed in post #51.
First off, does this tile combined with 1" thick open cell foam work as a reasonable low-cost substitute for No Rez? Hell yes!

I just lined the interior of a pair of AV123 ELT 525M monitors and compared them back-to-back to a bone stock pair. I can easily tell that the bass was tighter, punchier, and far cleaner than stock. I wasn't really surprised when I opened up the cabinet and discovered that the speakers were constructed using 0.5" thick MDF - good quality for the price of the speakers though and a beautiful veneer.
Danny was spot on when he said that No Rez is a good value if you don't have the time and effort for the DIY option. The floor tile is very easy to "cut" (by using a blade and making a score line and then bending the tile along the line until it breaks). But it is very inflexible, meaning that I would recommend this material for flat surfaces only. Curved cabinets? Forget it and just use the real thing. I also recommend that after you size your piece properly, cut in into smaller sections as needed so that it easily fits through the holes in your baffles without having to bend it.
Also, the self-adhesive is weak (it's designed to take advantage of gravity and rest on a floor remember?) and using contact cement is a must for proper adhesion to the cabinet. I used a non-flammable contact cement (water based) so that it doesn't stink up the house.