This is one of the best dynamic all-around mics. Very good for guitar amps, sax, acoustic guitar - it turned to be good for everything I tried to record, but mainly I use it for recording electric guitar.
Make sure you've plugged it in a decent mic preamp for the best results.
This microphone needs proper handling, it is not a 'plug & play' device, therefore, you are to spend a certain time experimenting in positioning this mic. For some of you, it might be an advantage or disadvantage so it is worth mentioning.
Finally, it is a dynamic microphone and it suits fine in a live environment.
However, it is not a chip microphone in its every aspect, so M88TG can distinguish itself in a wide palette of different microphones available on the market nowadays.