The MC5 is believed by most to be a bit of a bust; too boring, not revealing enough, with housings too thick for small ears.
The new MK5, priced identically to the MC5, is supposed to be the spiritual successor to the ER6/ER6i, but uses the EtyKids' housing, with resonance peaks more similar to the EK5.
I overlaid the MK5 FR against the HF5 FR, which should be near identical to the ER4P FR. The scale has been standardized to Ety's target curve.
(http://i.imgur.com/BDIypTD.gif) (http://imgur.com/BDIypTD)
If we compare the MK5 to the target curve, and shift the FR above 3 kHz to slope in line with the target curve, it looks like the MK5 will have relatively even treble, but it'll be lacking bass and lower midrange presence.