What do you think ? who is that for ?

http://www.ikmultimedia.com/products/trmicroom/

Crazy plugin that Emulates Diffrent Mics

I see A lot of mics on here and i was wondering about some of the possible applications of said plugin conjunction with the use of some of the mics below...My intention is to record hip hop vocals and i'm trying to get a clean crisp sound. I was also wondering if I should use a microphone preamp too...

While fun to tinker with I have never really thought this product by Antares had any legit uses for audio recording, outside of tinkering in the home studio. Does anyone find it to be a truly helpful product for recording?

Does anyone know if this software really works?...I have an SM58...if I get this software, will I be able to replicate the mic quality of a mid-range condenser mic?...or am i better off just buying a condenser mic?...obviously, am operating on a tight budget since I'm just starting out (as you can tell from my incumbent microphone).

The idea that a plugin can turn an sm58 into a u47 seems completely implausible. Any thoughts? Cheers, Doc