If you take the higher pressure, higher temperature condensate and just flash it to the pressure of the steam, it will flash to an equilibrium mix of saturated steam and water; the flashing will autorefrigerate the mixture down to the saturation temperature. The amount of water left depends on the upstream enthalpy (temperature). If this flashing were to occur into a superheated steam, the superheat would come out as further evaporation of the remaining water from the flash. So the concept would work, but it would take that much more condensate to do the desuperheating than if cooler condensate were used.