I'm not surprised, after hearing these at an audio show. It was the first time for me hearing JBL present their best, so I was very curious. I have the s4700 at home. When I heard the makalu I really thought "is that all?" My s4700 sound better. There's something about the believability of the space and the directness of the sound (dynamics?). When I left the audio show I blamed it on the JBL team probably being hired very indirectly, with no inherent motivation to make the brand perform at its best. I went through that effort myself. It's difficult to get the s4700 to sound right, because they are so extremely direct, or in other words they are revealing. I read someone describe the tweeter as that it can "cut through mylar", which is understandable given a bad source. You can hear any noise very easily. You can maybe tame that with a dark sounding amplifier, DAC or whatever, but in my opinion that's not the way to go. You just need to get rid of noise and distortion throughout the chain. Then the s4700 are extremely powerful, neutral, convincing, detailed and smooth.