I've heard these a number of times at the apartment of a friend who has a pair. They don't sound at all bad to me, although his room is very poor acoustically, and he has them close to a wall, so all I can really say is that they're not terrible - not sure whether they're actually very good. Of the HS range (each of which I've heard in different rooms making it difficult to reliably compare), the HS7s seemed to sound the best to me.
My subjective preferences after trying headphones and IEMs in the thousands of dollar price range (HD800, Focal Stellia, Meze Emperyean, Dan Audio Voce, HifiMan HE1000, 64 Audio U18T, CA Andromeda, Sony IER-Z1R, CA Solaris, Jomo Trinity, 64 Audio U12T, Tia Trio and more) led me to the conclusion that I prefer the Yamaha’s HS7 performance overall especially tonality. Headphones and IEMs just can’t sound tonally correct to my sonic preferences