This condenser microphone can handle acoustic instruments and voice (which is all tis designed for being a podcast product). The on board A/D conversion sounds okay, the microphone sounds basically like a poor man's at4040, its super easy and convenient... it would be my favorite in-a-hurry or on-the-go piece of kit if only the good folks at AT had included a 10dB pad before the A/D conversion. Its way too easy to overload this little wimp.
When I received my ATR2500-USB microphone, I was surprised at how much better it was than most of the reviews on Amazon said it was. The sound quality is nice and professional, it's not a AT2020 (common XLR mic for VOD) but it's comparable, especially since it is more affordable in comparison. I'd rate it 4-5 stars, depending on your needs.
I bought this mic 3 years ago for $60 and the thing is still trucking with regular use. Dropped it a dozen times or so, it has dents on the grill. So it's hardy, but sometimes the ports on it can get temperamental. This mic really picks up low-end which can either make or break recordings. It will pick up the smallest dynamic differences but cannot handle loudness without clipping. Good enough for skype/video games/podcasting (if you're not screaming), eh for recording. I use it to quickly plug in and record/sketch out my crappy demos and ideas. I don't like using it for the final takes because of its 1.) thick low-end 2.) the quality is really only ok because of the price 3.) the inability to handle loudness.