Even if you're just creating a couple of Moogles, doing this on an opponents turn and then laying out some very favorable blocks sounds absurd
It's much better than the 2/1 flying 3-drop as two more mana gives you +1/+3 in size, and in builds where that's reliable like aggro or Group Slug then it's a strong card
It's a great card, and anyone who had played with or against Prophet of Kruphix knows exactly how dominate it can prove at the kitchen table
The more players at your table, the more you'll draw
While the card not doing anything when you cast it is a shame, you only need one turn with this thing to completely transform your board state
I play Elves in three different formats (EDH, Pauper, & Modern) but have always been a little sad that theres no real support for Golgari Elves in EDH, because really I just wanted an excuse to loop Shaman of the Pack over and over again