This is horrible if you don't cheat or ramp the equip cost (obvious comment is obvious), but it looks so hilarious and would you imagine at prerelease beating the pace of an opponent with a creature equipped with that monstrosity?
If you're paying nine mana for something, it should WIN YOU THE GAME. But not only do you have do connect with this, the equipment also takes away evasion so you'll get chumped by everything under the sun.
Wizards has been going downhill for a while, but this is a new low. Dumbed down, lazy design for the masses. Whoever designed this should get fired and they should hire me instead. I'd put Modern playable equipment on par with Jitte and the Swords in the set, not this worthless piece of junk.