I need something light, portable and that will be comfortable to wear even after a few hours of use. My self appointed budget for this is about $120 :)
Your aid will be greatly appreciated.
Head-fi is sort of the big, central audio place of the internet, imo. With that said, there's a lot of random people who don't really know what they're talking about much like there would be on an Alienware forum for computers, for example. It's hard to get legit advice, because the audio world is filled with crap and one place will tell you the complete opposite of another, and some are sponsored/censor or "adjust" their reviews, etc.
Such as the staff at Head-Fi, which purposefully breeds the culture of blissful and sometimes "assertive" ignorance that Head-Fi is renown for. Misinformation is the rule there, information the exception.