This is the virtual ground circuit from a battery-powered headphone amplifier(direct link to schematic PDF). What is the behavior of the pseudo-ground as the opamp attempts to sink/source current to/from it?
A suggestion for improving performance of the amplifier is to switch from this passive circuit to an active one (using opamps, rail splitter ICs, etc.) to provide a "lower-impedance" virtual ground. Before going down that road I'm curious what my starting point so I can know what sort of improvements I might see.
EDIT TO ADD: Another way of asking the question is: does this circuit have any benefits over grounding the load to V- (or V+) and decoupling it from the opamp with a 470uF capacitor?