Thank you all. Regarding the posts recommending bass traps, I have 6 x 244 gik traps, plus two evolution polyfusors which also help as bass traps and also some corner traps at the ceiling. Yes all of these help and having the speakers pulled out to 4' from the wall also helps and the room is currently fine - I am listening to these for the past 5 years in this manner. However as I consider an upgrade, my focus was on sealed speakers like YG/Magico, to do away with having to deal with too many placement issues. Anyways I will look into Revel and will also try to get a detailed audition of the YG peaks series.
Cheers,
Sid