Basicly just out of curiosity I bought the Alpha Brainwavz. They look almost the same like the Smokin' Buds but are they the same in real life? I was hoping that the Brainwavz was the unbranded version of the Skullcandy's.
I took some side by side pictures to compare.
First the 3.5mm plug, the Brainwavz are having a slightly smaller sized plug, both are gold(ish) plated. The Brainwavz are having a big CHINA on the side.


The Smokin' Buds are having a volume control, the Brainwavz not. This kind of volume control is very convenient.

The shape of the earphones is almost excactly the same, just some minor details and the colors are different. The Brainwavz are having a black plastic ring and the Smokin' buds are having a chrome metal ring. The Smokin' buds are having a clear L-R mark, the Brainwavz have something familiar printed in the rubber, but it is too small to be convenient in daily use.





Finally the most important thing and that is sound quality, the sound quality from both sets is very close to eachother, the Smokin' buds seems to have a warmer sound but even that small difference can disappear once the Brainwavz are used more. My Smokin' buds are almost 1 year old so they are allready "runned un".
The wire on both headsets is Y-shaped, altough I used to have a white pair of Smokin' buds and they had the less convenient J-shaped cord.
The verdict: Get the Brainwavz, they are worth every cent and the overall build quality is very good.
UPDATE August 27:I used the Brainwavz a few days now and I need to change my first opinion. They simply are better than the Skullcandy's. The sound from the Smokin' Buds is more muffled compared to the Brainwavz. 10/10 for the Brainwavz!!!