I just installed an LR Baggs Anthem SL in my steel string acoustic. It is truly fantastic and does indeed sound like, not only a condenser mic, but a good one. I've used probably 10 different pickups in the past including others made by LR Baggs. I had their Ribbon Transducer, iBeam, and the M1. I've also used Sunrise, Fender Thin-line, Fishman Sonitone, Barcus Berry soundboard piezos, the first Taylor ES-1 and others, and usually always had a combination of at least a UST with either a magnetic in the sound-hole or an iBeam under the bridge-plate. Nothing was ever satisfying. The Anthem is so good I'm sitting here wondering why other acoustic pickup makers don't just close up shop and find something else to do.
I'd leave a recording but I need to cut a new saddle that's a bit taller. (The Baggs UST is a little thinner than the Fishman I removed.) I think I have a good tusq saddle from a classical guitar I can carve down that will work. I've been meaning to get rid of this bone saddle in the Washburn anyway. (I can't stand the dull sound of bone.) With any luck I may post a sound sample tomorrow.
Bill