It'a very cheap mic, and it is so good! I bought a 250e Senheisser along with this one, and in terms of sound quality they are even.
Drawbacks are that you can hear handling noise because of plastic housing, and also there is some boom noise when you turn it on. Range is beautiful, no resonance. It's a good mic.
Also note, that it plugs only a 6.3mm jack, and no XLR, I haven't noticed it and haven't ordered a cable for it, so had to buy one at the local store, but it's my fault of course.
EDIT: After some gigging I noticed that the receiver is interfering with some mobile phones. You can notice it even when the transmitter is off, the receiver is picking up random signals, and it sometimes shoots some nasty audio output. Not nice.