Yup. I have a small studio (for podcasting, among other things) and my go-to microphones are $99 sE L7 dynamics because to my ear they're cleaner than SM58s. I have a few others available, like the AT2035 that sits at my desk, but the difference is so, so marginal for any spoken-word stuff that I don't know why someone would bother.
(The above is with one major caveat: I'd kick a puppy for a half-dozen RE20s. I love the sound of them.)
Have you tried Monoprice's dynamic performance mic[0]? It's an SM58 clone with (if reviews are correct) great detail and a bit more high-mids/highs. It might be another alternative besides the sEL7.
I haven't, no. It looks like a competitor (if it isn't a rebrand) of a Behringer XM8500. Which are fine cheapo mics, and really good for stuff like on-stage performance or karaoke or whatever. But I, for my purposes, am using those sE L7s as something of a knockoff of a broadcast mic, with decent-to-good plosive handling and very strong off-axis rejection (they're supercardioid microphones). So, while they're more expensive, they exactly fit my needs.
Lots more interesting options exist in condensers, IMO, than in dynamics. The sE V7 is a standout in the space. Honestly, from my experience, the only real upgrade in the "quiet room, sitting down" dynamic microphone realm is an Electro-Voice RE20 (if I want "newsy" or a Shure SM7b (if I want "aggressively neutral"); both are amazing microphones but neither are as notably bright as a V7. There's one interesting option in the Beyerdynamic TG V70d for some stuff, because it has a dangerous amount of proximity effect, but it's more "interesting" than "good".
(The above is with one major caveat: I'd kick a puppy for a half-dozen RE20s. I love the sound of them.)
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