To compare, there are rumored to be thousands of Magic: The Gatherings infamously rare Black Lotus cards still in circulation
A one mana 1/1 with Haste might feel reasonable on turn one, but it is pretty terrible thereafter, and adding the ability to ping things that block it doesnt really make up for that, though it does help some, since it means that it can at least trade with X/2s, and X/1s effectively cant block it
Luckily, that's not all it has to offer, since its effect is quite incredible, a staple for Ice Barrier Synchros
There has also been some chatter on how this might interact with Crop Rotation based decks like Lands, but I have a feeling that it is not much better than Field of the Dead there, and the number of 0 and 1 mana cost artifacts those decks tend to run is very low (Mox Diamond and Pithing Needle primarily)
It was never sold, packed, or reprinted
Chromatic Orrery's last ability can have you draw at most five cards