I have a BMC air filter, already fitted when I bought the car. Same principle as K&N though. It needs cleaned and re-oiled every 15k miles, and when I swap the OEM filter in there is no change to performance that is discernible to me. However it sounds nicer with the BMC filter in, in combo with the RPI scoop I also have.
Personally, if I had it stock when I got it, I'd have left it stock, maybe got a scoop, but held out until I could afford something like an Eventuri or Gruppe M intake. Much aural pleasure, and (allegedly) real performance gains.