Wording is weird. It's as if they start the card by making you think it won't target, as "choose" is the word of... choice (pun!) when a card does not target. Why is it not simply "Two target players each search their library of card ... bla bla"? Shorter and clearer.
But hey, it's power with weird Seb McKinnon art, so it can do what it wants.
It gets around hexproof and protection, if that counts.
MTGS Wikia Article about "New World Order"
Every time I read a comment about "Well if this card had card draw/trample/haste/indestructible/hexproof/life gain...", I think "You're missing the point." They're armchair developer comments that fail to take into account the card's role in the greater Limited and Standard environment. No, it may not be as good as whatever card you're comparing it to. There's a reason for that. Not every burn spell is Lightning Bolt, nor does it need to be or should be.
PSA to everyone who keeps forgetting about the Reserved List:
You're on a website dedicated to talking about MtG. You're only a few keystrokes away from finding out what cards are on the Reserved List. You're also only a few keystrokes away from finding out why some cards on the Reserved List got foil printings in FtV, as Judge promos, or whatnot, as well as why that won't happen again. Stop doing this.