I bought some panels from
http://www.gikacoustics.com/ and with A bass trap in each of my front corners and a acoustic panel at the first reflection point I noticed a greater separation of sounds-the most obvious was a bass note on a hip hop track which turned out to be two bass notes that blended together before I installed the treatments. Everything, from the lows to the highs are crisper. These are also the least expensive treatments I could find. To do it yourself you need some wood, nails, owens corning 705 or 703 fiberglass, and some acoustically transparent fabric. There are DIY bass traps instructions all over the web.
From what I've read there are a couple of main goals-first to flatten the response of the room; second to reduce reflections. The second can contribute to the first since I suppose it's the reflections that can create the uneven response in the first place. I'm not an expert at this though. As for what to look for-listen for bass that seems to hang out for a little bit too long-it's hard to describe the improvement to the high end from treating, but you can't miss it.
There's a crowd of acoustic zealots. I'm close to joining that crowd after the improvements the treatments have made. This is the single largest improvement in sound I've experienced from an upgrade-at least as major as a speaker upgrade-and if you have high end speakers you are not really experiencing their potential without treatments. If you're on the fence wondering if it is worth it-it is.