Anyway if the microphone is of good quality maybe it is worth the money and th evisual feedback is of more use than can be imagined.
Here is the official information:
Sound Magic has released iDynamic intelligent microphone, a microphone specially designed for smart phones (using iOS or Android) and iPad. It is an App-enhanced microphone which uses an App on smart phones/iPad to control, to adjust and to gain better sound through the microphone.
Armed with HTML5 and Web Audio technology, iDynamic provides a HTML5 App on smart phones and iPad. By using this App, users will see how the sound will change when they lower or higher the height of the microphone, or move microphone around with the singer. All data will be shown on the screen when the microphone is moved to a specific position. This data is useful for reference when users seek their target sound.
iDynamic also includes a VST/AudioUnit plugin,Neo DynaMaster. The Embodied Neo DynaMaster Plugin will help you to enhance the dynamic of your recording, thus sound more professional. Neo DynaMaster is a multi-purpose stereo dual dynamics processor that performs simultaneous compression and expansion allowing more complex dynamics response curves than common compressors and provides huge scope to engineer your final sound.
iDynamic Intelligent Microphone has an MSRP of $169.