After more than four years of daily use, my PXC-550 were now down to 6-8 hours of battery life and, due to extremely noisy neighbours, I have to keep them on almost all day when I'm home, so that didn't work. I remember charging my headphones once a week when I first got them and I was now down to charging them multiple times a day!
Haven't tested the full extent of the battery's life yet but it was reasonably easy to swap and I've also noticed that I get better Bluetooth reception in my apartment, the sound doesn't clip as much even when I am about 10 meters away from my computer with multiple walls in-between!
Too bad this product doesn't seem to be available anymore... and yes, it is compatible with the PXC-550 V1 even though it seems to have a greater capacity from my layman understanding.