Come on guys, let's be nice. It's not shitty, it's just a stage of an experiment in progress.
I wonder if this is operating on AGC (automatic gain control)? What AGC does is try to raise the gain in the quiet parts, and lower it in loud parts. Good for recording a meeting in a conference room, bad for rock concerts. If you can disable that, you probably should. One constant level is probably better, even if you can't control it. At least I would say it's worth a try.
I noticed that when I play it (I use xmms, like media player) the bar graphs show lots of low end, lots of high end, and low in the middle. Not typical. I think you've got something EQ'ing the hell out of it.
Were you running those mics in stealth mode, even in a show like the black crowes which allows open taping? if you tape a band that allows taping (like the crows), get your mics out in the open, even if it's just a little over everyone's head taped to a stick or something. Ever notice that when you sit down at a show when everyone else is standing up it gets muffled? It might sound something like that recording.
I would say make sure everything works in steps:
step 1: confirm the ability to record a line level output under controlled conditions.... run line out of a computer or stereo into the Belkin and get a good result. Then you can walk up to one of us tapers with bigger gear and say "Can I please get a patch?" and get good results.
step 2: go to your buddies place with a huge stereo and crank it all the way up through his speakers, and try to record that on your mics. Make sure you can do that. Chances are a concert will be several dBs louder than that, but it's a good start.
Hope that helps.