I think that the theory that people overclean K&N's is almost certainly correct. And then I imagine they damage the filter media, overoil it, and probably keep it too clean so it never reaches it's final efficiency when dirty. Most people do not understand that a dirty filter filters better.
I spoke with K&N today and they insisted their filters filter considerably better than OEM paper filters. They did not say they filter as good, or almost as good, but considerably better.
I am happy, because I ordered a filterwrap for my K&N today. This wrap is designed to keep water out and also for dusty, off road applications.
I do not drive in dusty applications, but felt extra protection could not hurt! Also, I think the waterproofing idea is great. I live in Florida where there are heavy rains and flash flooding, and I know one of the worst things for and engine is water getting in. So with the filter wrap, I have to think I am getting pretty good protection. Also, I will not clean my K&N before 30,000, and probably closer to 50,000 miles, so I should get the final efficiency numbers.
Finally, I think that K&N should more heavily market their filter wrap. Maybe it would ease peoples concerns. K&N did not make a filter wrap for my model filter, but they work with a company that will custom make them, the total cost was only $20.