- If the microphone quality itself is bad, the enhanced audio is still pretty horrible. - It does clean up echo but with there's some pretty aggressive EQ that doesn't sound nice, and the noise gate is pretty severe - Compared to my XLR shotgun, the quality of the phone was pretty horrible
What we can conclude is that if you already have a good recording but with some problems, you might be able to use this to remove those problems. However, don't expect a crappy microphone to turn into a good microphone, or a crappy recording to turn into "studio quality".
The bottom line is that there's no substitute for a decent microphone in a decent space. (At the very minimum, small room without echo.)