Since everyone else has concentrated on the virtues of these excellent headphones, I thought it might be useful for people (who have researched) to offer the following subjective insights about the Koss Porta Pro and their main rival, the Sennheiser PX100 (which is also available from amazon at a similar price point).
I own both sets, so I would like to issue the following comments about their relative sound quality.
PX100 - These offer a very beautiful, well rounded sound. Not bass heavy, but very coherent, and thoroughly enjoyable as a listening experience. They tend to improve with 'run in', and sound terrific overall.
PortaPro - These offer better bass reproduction, but also sparkling mids and highs. They seem to produce a far richer sound overall, especially when comparing the same songs encoded in the same format (WAV) on a Cowon D2 personal media player.
In short, both these sets are excellent, but if the sole criterion is sound quality, my preference is just slightly for the Koss PortaPros. I have previously owned a pair of audiophile Sennheiser HD 595 headphones, and strongly feel that the sound quality of the Koss Porta Pro, in particular, is quite comparable.
I hope this review is useful to people who are on the fence, especially as no one else seems to have covered this comparison in their reviews.