The Rode M3 is hard to beat really - should lend a certain smoothness if like me your mics are mostly at the the good value end of the spectrum. Keep an eye on e-bay , I got mine for £39 in as new condition , but the price fluctuates a lot for some reason.
I think the NT3 referenced above is much more sensitive and maybe brighter sounding although still has the battery power option.
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Mic recommendations for £100 (new) or less
All about the tools and techniques involved in capturing sound, in the studio or on location.
I've had good results with the Sennheiser E838 (silver E840). These were heavily discounted before being discontinued and cost £45 new from Maplin. I also bought a few "as new" second hand ones for between £20-£30. I prefer these to the SM58/57 and have used them on guitars, drums and vocals with great results.
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