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Stuff like Snuff Out or Dismember are already heavily played cards, but here, you get to draw a card from them because you lost 4 life, and you also get to drain your opponents for 2 life, offsetting your life loss

Furthermore, there are many Commander decks around that already fulfill this deckbuilding cost, essentially making the cost moot

In a lot of ways, counter magic in Limited is just bad removal, because you have to have the mana up to use it at the exact right time, or it doesnt do anything

Phyrexian Dreadnought via Illusionary Mask

I can't see where I would ever want a card like this

In previous years, Id dismiss this kind of card, as the time and mana it took to cast it was less meaningful in games that regularly went over 10 turns, and with decks that drew far fewer cards, on average