Hey James...
What you are describing of that mic is exactly what most every engineer I have talked to says about it. That was my point, and ametth's point I believe.
There are much better mics out there. Sure, the NT1 COULD be THE mic in certain situations, but many have favored other mics over it. In some cases, the other mics do not cost that much more.
Mics are an important investment. It really does you no good to buy something that sounds cheap. I suppose some people don't know what the difference in sound is between a NT1 and a 4033, or 4050, or ever the RTT because they have never compared them in their own environment.
My only point is that a lot of people seem to buy the NT1 based upon "recommendations" rather then really checking it out first. Just about anybody who has put that mic against a 4033 hears the difference right away.
Many hits have been recorded with a 4033 on the vocals. If you compared that mic to a NT1 and thought the NT1 sounded better, then I would suspect the monitoring environment, or, sorry to say, you ears. The AT 40 series mics are a very very good deal for the sound quality. Yes, a bit more expensive the the Rodes products, but, at least you will keep your AT mics for years to come because as your hearing becomes more accute, you will find that these mics continue to provide a very nice sound in many different applications. Most who use a NT1 for awhile grow tired of it and sell it, at a loss in money obviously.
Buy mics that are proven in the big arena, even if they cost a few extra bucks. You will be very happy you did down the road.
Oh, I am not saying though that you shouldn't give a new mic a try. Hell, at some point, Nuemann was a new company, so was AKG, and AT. Same with Electro Voice and Shure. Just evaluate the mic as well as you can BEFORE you purchase. A little short test in the music store is not sufficient. Neither is many recommendations you will hear or read in magazines, BBS's, etc......
I know of many studios using AT 4033's and 4050 and making clients sound great. I don't really know of any using a NT1....

That should tell you something right there....
Anyway....
Ed