I partly (mostly) agree, I had SR60 way back too. Me I ended up giving them away, they are cheap and it's simply better than what my friends had at the time, I was not gonna try to get 40 bucks back by selling them, but in the end as you say, it was above what was around but wasn't great once you know better.
Now, It's an interesting thread, I feel some genuine hate about the company itself and really I would bet some coins that many here that dismiss Grado as whole haven't heard a tenth of their offering and it's based on this review, and a couple of tryouts of their cheap models, and go around and make blanket statements judgements.
They do, yes to my ears, make a few very great sounding sets of headphones. The RS2E is particularly good, The 325E is good too for the price (never heard the X series). I wish I had some around here, yes it's from memory.
Now, for fun, it's interesting how an Idea grow that Grado are literally overly bright, always,but today I just for fun and compared my GR10e's IEMs to all the headset I have around, Elex, TH-X00, M50X, MSR7, ATH-ANC900... And interestingly the GR10 was clearly the warmest listen of the bunch and really giving me a smile about those mids presentation. I know it's an IEM, but there is something Grado to it, something seductive... Even Amir on this quite bad basic set seamed to have detected some of that in listening tests.
Grado's great, yep they don't follow harman, yes the SR60 is bad, and beer money cheap.