I too have always thought that speaker break in was a myth. But I'm starting to wonder based on tests performed for Audioholics:

"After about ½ hour, the tonal characteristics of the speakers began to change. There was no smell of burnt VC, so I assumed this was a result of a large change in the DCR of the voice coils with its subsequent changes to the speakers frequency response. What was also clear from watching the speakers is how much more the white noise speaker was moving just a ½ hour after the beginning of the test compared to the beginning of the test. (Compliance increase due to break-in I theorize.)"

See the complete tests results here:
http://www.audioholics.com/education/lou...he-test-results

BTW: These test were done on an Axiom M3 speaker.