Alright Mr ShadyJ, I just have to chime in a little. I remember when you got these and first set them up. We both were listening to among the cheapest speakers we had ever heard and looking for some way to get good sound. The Dayton Audio MK402 was really nicely made and sounded pretty good with simple fixes. Still, it wasn't exactly a high end miracle speaker.
You mentioned to me how amazing this monoprice speaker was for even less money and I was curious to hear for myself. The MK402 was tough because it was so inefficient that it was actually a bit hard to drive with cheap amplification. By comaprison, this monoprice was a bit more sensitive and an easier load. I could play them plenty loud and they didn't do anything horrific. On the other hand, they didn't quite knock my socks off either.
Then I added a subwoofer to the mix and really started to enjoy them. Your comment around their imaging is right on. It was actually quite impressive how good they imaged. The MK402 threw an indistinct but palpable soundstage. It could give a semblance of realism at times, but instrument placement was always a little out of focus. It wasn't a you are there experience. If I was there, I was drunk. With the Monoprice, images snapped into better focus with more precise placement. They disappeared nicely while throwing a great soundstage with real width and depth. On a good speaker that is a basic expectation. On a $50 speaker, it is exceedingly rare. That this speaker did such a good job with imaging was impressive. Tonally they need some help, but they don't sound as bad as they measure. Compared to other cheap speakers, they are quite recommendable. I would just suggest that a subwoofer be added to the mix, as I think it helped my enjoyment quite a bit, and I would suggest a tone control at a minimum. I didn't do a lot of EQ work when I used these but at least compared to the MK402, I think this one actually needed a few notch filters to sound more natural.