Audio-Technica MB 2k

This is nice and solid mic, and you can't go wrong for the money if you buy it.
Great for snare drum but not as good as SM57 for guitar amp. It slightly lack of low mids in my opinion in compare to Shure but still absolutely excellent value for money. The 50% price different between this mic and SM57 doesn't reflect the gap in quality between this two. This mic is simply slightly different to SM57 tone-wise but the built quality and design is on the very high level.
Update - I've recently recorded an acoustic guitar and the results surprised me a lot. Recording Taylor's guitar through line output and this mic gave me the sound I was looking for a long time. Little MB 2k is getting 5 stars now!!! Such a a versatile microphone for such a little money. Bargain!!!

I expected a budget microphone to put on the snare drum or amp from time to time. I got more.

Use
It's good for anything. Vocals, guitar amps, drums. I was surprised by trying it on vocals, because I wasn't expecting the large and full sound of it.

Pro:
Very good versatility in use, nice to eq (but it doesn't need much). I liked holding it in my hand, it's user friendly.

Cons:
I don't like too much the holder (shockmount), seems ok, but I wouldn't trust it too much. I also hate ON-OFF switchers on microphone.

You won't be disappointed.

I'm a "bedroom producer" and I needed a "does it all" mic for recording vocals, instruments, foley, etc.

Sound wise: it does the job well, what is there more to say than that it's a hypercardiod dynamic mic that does exactly what it is supposed to do.

Build quality: it doesn't have that cheap lightweight feeling that many budget mics do. The plasticy texture is quiet pleasant to the touch. I'm not gonna try but it looks sturdy enough to sustain some drops.

For the price, you can't really go wrong with this one.