Overview
If you're not afraid of soldering iron, you can actually build a +48v phantom powered studio condenser mic, for fairly cheap. Most, if not all of the parts can be found at your local Radio Shack. The only thing you really need to find, or make your self, would be the mic body. People have come up with all kinds of ideas for mic bodies. From old flash lights, to pluming parts, to Altoids tins.
If you are afraid of a soldering iron, but don't want to pay $150 plus for a decent studio condenser, then you can order one from me.
Don't forget to check out the Forums, not much there yet, but as we find things out or have any new info, it will probably be there first.