Given that the Wizard tokens are 0/1s, giving them +1/+0 is a big deal, potentially even giving you a combat phase that you wouldnt have otherwise had
Having a consistent way to not only create a second combat phase but also untap all the creatures you control for a measly four mana is a phenomenal pairing, especially when used as a Commander to bring her back into the fight after being targetted
The Enchanted Kida - Protector of Atlantis card that was released with Into The Inklands is currently up for purchase at $155 at the time of writing
Today, gaining tapping and gaining 5 or 6 life for each time in Commander it's not as strong with its 40-life start, and there aren't as many of these running around to abuse the table with 4 in each deck, and there's not the obvious Elf deck power for most multiplayer tables where you usually had one, and sometimes two
What makes the card not only playable but good, is playing it, gaining the life, and then giving it away to some unfortunate opponent
The largest Dinosaurs that you want to cast are between six and eight mana, which you can easily get to in the first few turns