Here's the thing, I actually love this card and think it's a powerhouse in basically every other constructed format except commander. The effect is simple and hyper efficient.
I cannot imagine this seeing play in Vintage right now with Mental Misstep still being a 4 of. The only corner case I can think of is it deals with 1 drops off a cavern of souls that MM cannot hit. If MM ever got the axe I could imagine this seeing a fair amount of play.