First let me say like most people reading this I also checked yt reviews,amazon reviews etc and seems the XOne version has some issues with connection and sound but from reviews Ive read the PS4 has little if no such problems and having bought this recently I can confirm personally Ive had no probs at all on my PS4 version.No dropouts,connection to PS4 is fine etc.
Build quality is ofcourse plastic so can feel a little cheapish but fits well on the head and quite comfortable.
Basic presets can be done on headset but you need the mobile app or PC to change most sound settings. No probs when using that either. Also make sure your PS4 has the optical port,if not then you may as well buy a cheaper headset,no need to spend more for this one. If your PS4 does have the optical port then you will enjoy this headset and can make use of all its features.
PSN friends tell me mic quality is very good. Flip up and down to mute and unmute mic is handy (though many headsets are starting to do this now and its a very welcome feature).
Sound quality as very first test seemed like you are in a tunnel and I wasnt sure what to make of it but after going back to my on ear headset (Plantronics Gamecom P80) and then back to the Stealth 700 I put it down to it just being a closed over the ear type and having fully immersed sound. After using it some more it seemed fine and I found myself liking it more and more. So sound quality overall is very good. Various presets are available,ofcourse bass and treble boost prob sounds best overall I think. Superhuman hearing mode (which is what many are interested in for FPS games like CoD) sounds strange but works quite well. However I think you'll find yourself not using it as much as you would think. With regards to the surround sound I tested in private game with a mate to see if I could accurately pinpoint directions and I found most of the time you can.But its more of a feature you have get used to and train your ears for to get the most out it.
Game sound and party chat volumes can be adjusted seperately from the headset (again,you need the optical port for this). The headset comes with a special optical lead that plugs into the optical port of your PS4 and into the USB dongle.
There are a few other settings like mic monitoring (works well) and active noise cancellation (didnt seem that good but havent tested fully). Adjusting the volume of sound prompts and voice prompts,little things like that you can change are always welcome too.
So no real cons I can think of other than it would be nice to customise the sound settings further by being able to adjust bass,centre,sides and rear seperately much like a home theatre speaker set up (my old wired Sharkoon 5.1 X-Tatic had this feature). Maybe a in a future headset firmware upgrade,who knows.
You can even chat in party,listen to game sound and stream music from your phone via bluetooth all at the same time.Keep mind youll be reaching for your phone though to change music volume if streaming from it.
Havent tested how long battery time lasts but the advertised time of around 10 hours seems about I right I think. Times may vary if you leave bluetooth on ofcourse.
Just remember when you pair it with bluetooth to select and pair with ‘Stealth 700’ NOT ‘Stealth 700 LE’.This is important. Also download the TB audio hub for PC and update the headset's firmware from day one too.
If you are looking for a slightly upper market headset and dont wanna pay $300+ then the Stealth 700 should suit. Mightyape's current price of $225 (plus post) is the cheapest Ive found and Ive also had good support from them when ordering and asking questions. I had a small issue with post which Mightyape got onto.
Overall Id recommend this headset but Id still give it a 4/5 mainly cause of the build quality but with regards to the sound and features Ive had no probs personally and it worked great,at least for me.