Condensation is certainly no problem and I should know since i'm living in an area where a night without much condensation is as rare as running into a naked woman in the woods
The steep walls due to the pyramid design makes sure condensation really doesn't drip from the canopy on your groundsheet (as long as your ground sheet is removed some distance from the canopy). The condensation happily runs along the canopy downward to the ground. Ofcourse it helps that there are no horizontal seams anymore in the design of the versashelter. Vertical seams are a deal breaker for single wall tents with steep walls, I found out. Horizontal seams cause dripping of condensation.
A full ground cloth with a cut from the door to the pole should stay away from the canopy for about 10 - 12 inches. It leaves a clear next to the canopy open in which condensation can dissapear. Also this free space around your ground cloth helps preventing running water on your grond cloth when it rains. Ofcourse nothing helps if a flood has decide to run through your tent....
Bugs? Well everything that flies has the tendency to float around in the apex area, they don't bother me there. For the rest that crawls along at night I don't know because I'm sleeping
Ticks, well never had them in the tent, perhaps the full size ground cloth helps (it's a prerequisite for taking my wife along, this full ground cloth)