Of course, any way to untap The One Ring with other cards, like from Mind Over Matter, can draw you your entire deck in a single turn
As you might suspect, this has something to do with the cards obscene rarity
First was the release of Commander Legends: Battle for Baldurs Gate and all the cool new initiative cards
Sapphire and Steel is a competitive ink combination, but few of the cards in this starter deck see top-level play
Maybe this card goes in as a 1 or 2-of in Steel lists, but only if hitting that 3 damage breakpoint over 2 damage is super important and Evasive threats are prevalent in the meta.
While you can play it for one white mana and slowly create lifelink cats, the real upside is when you discard it to draw a card