Well, there's old Klipsch, and there's new Klipsch (starting at around 2004) -- and with new Klipsch, there is Reference and Heritage. The lower end Reference stuff is definitely value engineered. It has to be, or else people in that particular market wouldn't be able to afford them. The filters are perfectly fine for what they are. The RF-III is built here in United States, and is a considerable jump in performance. With that said, I've heard the $500 a pair RP-600M, and well, what a nice surprise.
The Heritage stuff has been revamped and people seem to like them. I know what's in them and I'm not real thrilled with the drivers they are using for the money they are charging. The networks however, are steep slope.
Most of the old Heritage stuff is still hanging in there, but is often in need of some kind of service. This is where Bob came in. There is nothing "wrong" with the old network designs. They are low order types and used autotransformers instead of l-pads for attenuation - you won't find much in the way of resistors in most of them. PK did not like them. The problem is simply that some of the parts, especially the caps, are aging out. Some of that stuff is over 40 years old now. ESR on the old caps is terrible, beginning to go largely resistive - often in neighborhood of running several ohms of resistance in series with HF drivers.