Compare this with a card like Lavinia, Azorius Renegade which costs two mana and its tough to envision the card seeing play outside of mono-white decks
Creatures they begin to control later in the turn won't get -3/-0
It's very powerful having the chance to reuse all manner of trinkets, from Lotus PetalLotus Petals and Mishra's BaubleMishra's Baubles to Memory JarMemory Jars, as Lurrus of the Dream-DenLurrus of the Dream-Den or Muldrotha, the GravetideMuldrotha, the Gravetide players can attest to
Theres also a class of 0-mana suspend spells like Crashing Footfalls and Ancestral Vision that technically fit the definition of a cheap instant/sorcery, but fall outside the scope of this list since you cant fire off the spells at will
Sapphire Medallion can be particularly strong in multiples, building towards a Capsize-lock endgame (bouncing two or more lands a turn on their end step to keep forward progress going without risking anything)
Waterspout Djinn (Mirage/Visions/Weatherlight) Evasion creatures win limited games, since there are few ways to block them