Good app, DOES have playlist functionality.

The people who cant find their playlists havent looked very hard. While you have to create the playlist in iphone music, you can play them in EQu. Playlists are in the same section as artist and song, just slide the bar left or right. If you cant find it, slide all the way to the right and add it under "configure". Some people just like to complain before trying. App has great Eq functionality, some of the artist and album info gets weird carrying over from music. App needs an update.

Zdurban about EQu - the quality equalizer