It is not as good a threat although it does offer some reach but given that it is also half the price, is playable in many more archetypes and is also a mana ramper and fixer The drawbacks of this card as life gain are that it is slow to get life returns from it, it will situationally not work for life when no dead guys are there to be exiled, it is reasonably easy to kill and it cannot give you a big single injection of life
deck and set them as active
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Banning an entire class of cards is awkward at best, potentially politically suicidal at its worst
I think this will help keep new cards in line with the power level of existing cards
If you're wondering about future bans and unbans, there will be no more announced this calendar year as stated in today's announcement