Probably built even sturdier than the sm57, this mic is an all around good tool for capturing sound. It has a powerful output and good anti-feedback characteristics, so it's perfect for live applications. It works great on vocals, except that it's pop filter is only a cloth-like material put inside around the mesh. Not ideal, but it works and I've seen many singers using it.
It shines the most on guitar amps, it captures more information on mid - high mids than the sm57 which is also muddier, but beta doesn't have that bright snap 57 is known for. I don't prefer using it for snare because it lacks the punch, also somehow makes area around 350 - 600 Hz ringy.
It's a bit pricey, but we know what we pay for - quality and reliability by Shure.