Having attended a wedding this weekend, I happened to have a tie still tied. The next day while shopping at Wal-Mart wearing dress clothes, I was approached by a stranger who told me how nice my headphones looked. Styles have changed.
But I did buy my red Audio-technica ATH-M50's to look nice, in addition to their sound quality. When I bought them I promised to follow up with a review, and having used them for six months now, I would recommend them. I'm no audiophile, but I'd give them an eight out of ten for sound quality. The only thing they don't have is noise cancellation, nor do they claim to.
Physically, they show no signs of wear, and are as stylish as ever. The faux leather ear pads are starting to crack, so at some point I'll have to replace them. Fortunately they are popular enough to have third party options. The cord, which is usually the first to go, is as crisp as ever.
The thing I often forget about headphones is that the struggle is to have great sound on the go, on the bus, around strangers. And sometimes it's you who just want to block it out. If you don't need any of that, you can go to the front of the line with open air.
I still have a pair of Grado SR60's, and they're significantly better than anything I've ever heard; easily a nine out of ten. They're like a treat for your ears. And the best part is, you can have a pair shipped for $80.