I started updating my system 3 years ago. After, i got all the components, one of the first things I bought was room panels. I have two bass traps sitting behind the system, 6 first reflection panels, and 3 diffusers . Room is 12 x 17x 8. Very good decision; I feel you can be changing out components trying to improve your sound when the next big bang for your buck is the room treatments. My panels lowered listening fatigue, took to a much better place and improved sound stage. I currently walk around the room and feel the sound doesn't change. Many times you will have node cancellations whiere there is hardly any response at a given frequency range. I do have one small bass peak in the left rear corner. Bass is flat to 30Hz and good response in mid 20's. There are several other things I have done to further refine the sound, but if I had done all that without treatment, I would be wondering why it doesn't sound right.
PS Eric has always been a proponent of room treatment and his posts/advise helped me make the decision to put up panels. Thank you.