I've used the Shure SM57 both in the studio and live, but primarily in the studio. I've used it mostly on guitars and snare drum, but have also used it on tom toms, kick drum, as well as other applications and for vocals in a live. To me the midrange response is great, but it definitely lacks some low end definition. For these reasons I stick to using them on guitars mostly. These are classic dynamic mics that every studio should have handy.

OVERALL OPINION

I've had my 57s for 3 or 4 years now and no studio should be without them. I've never gone into a studio that hasn't had at least a few 57s. They are great because they are cheap and since they are dynamic mics they can take some abuse, which is great if a drummer accidentally hits it with their stick, or if you are using them in a live setting. They are just so versatile and can really handle a beating. For the price, you can't really justify not having a few of these in your studio.