If you're an audiophile but want a durable set of headphones on a limited budget, I strongly recommend the Koss Porta Pro.
http://www.koss.com/koss/kossweb.nsf/p?openform&pc%5Ept%5EPORTAPRO
I don't think you can get a better sounding headphone for less than $50 (I paid <$40 for mine). Read any review, you'll see that I'm not the only one who loves these. They're also designed to be adjustable and thus are extremely comfortable. Another nice feature is that they collapse into a ball, making them easy to travel with.
I would describe the sound output from these phones as being "accurate". Accuracy isn't something that everyone wants. Some people want artificially over-blown bass, which these don't provide. If you like hearing music the way it was intended to sound, you'll like these.
I wouldn't recommend spending more money to get workout headphones that are higher quality than these. Unless you're using canal phones, you won't hear the improvement while you're running anyway.
Powerbook G4 15 aluminum Mac OS X (10.4.7)