With the creature-land, you can always turn Wizards Lightning into at least a Lightning Strike by tapping the Mutavault to activate itself
Overall, this card is a draw engine, and if you build around it, the strategy is perfectly playable, even if it's not to most players' taste, especially as playing cards exerted can be risky against more aggressive decks
It often seems like new commanders are over-the-top and provide a lot of instant gratification, but slow-burning value engines also have their own merits
If you're in that position you have a wide variety of ways to close it out so again I think it could use some testing
You'll still gain life if that permanent remains a legal target
UGIN, THE SPIRIT DRAGON Played in 1% of Decks on EDHRec I was shocked to my core when I saw that this insanely strong Planeswalker is only in 1% of all the decks on EDHRec