I use a Fostex MR-8D http://pro-audio.musiciansfriend.com...ive?sku=240341
At first it was a pain in the neck to learn, but once you get the hang of it, you'll love it. And if you play guitar, you can plug a guitar into it and it has distortion effects.
I usually put one mike at the front of my bass drum head and the other one I put as far up over the drum-kit. Using the H2 probably is easier and if I played with other people, it would most likely be the way to go.