Thanx for the replies guys. I am not attempting to make my recordings professional quality, but there is certainly room for improvement. I just assumed that my $10 mic and $20 preamp was the logical place to start.

Songcabinet- The interface that I use (m-audio mobile pre) has a built in preamp and 48v phantom power, but I do not like it. I dont know if sterile is the right word, but it doesnt catch the subtle nuances that I can when I run through the ART. With that being said, if I could I would remove the ART, or run the new mic straight into the interface and record with both mics. Maybe you are right and I should look into a new preamp, I have seen quite a few on ebay that "should" be better than the ART.

Colin- I definitely need to work on my recording skills. I am still trying to find the balance that will sound good on the high and low end of the spectrum.