I have a couple SP1's and SP9's i use them all the time live, they are good for micing toms, snare, cabs and vocals live for me though i use a 58. I occasionaly use them in the studio because i don't have many mics. I'll use them in the studio sometimes on, amps, snare, toms, room mics, and vocals (when it's all i had). They get pretty decent results for all those results but are best for stage.
"In fact, it's the ONLY $9.99 mic out there."
lol your wrong there check out radio shack.