Photo below is Fostex 206E in horn loaded cabinet. Powered with 0.8 Watt RMS only. I took the photo on CHEX 2006 at Balai Kartini, Jakarta, Indonesia.

Here’s the zoomed version. Very nice in terms of build quality. I believe it’s very difficult to build the enclosure.

The result is very excellent mid vocal (like Don Williams), soft treble, and well proportional low extension.