Every so often, a buddy of mine that I met at work and I get together at his place for a jam session. Sometimes there's other people over playing different instruments (keyboards, bass). He was looking into buying a mic so that we could record some of these jams. He needs one mic for the whole room, then we'll hook it up to his soundcard and record straight in.

He found this one at musiciansfriend (someone told me that was an oxymoron). Would that be sufficient for our needs and budget?

Is there anything else we'd need to get this operation off the ground? What about the actual placement of the mic? There could be as many as 4 amps playing at once.