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It fits the character perfectly, it balances the cards power level and casting costs pretty well, and it can ultimately be broken in really absurd ways
As a premium set with a higher MSRP than normal, a box of MH2 costs you a chunk more than a box of Standard-set play boosters
It poops out little dudes to protect itself, it resurrects all your weak creatures (who may have fallen while protecting it), and if you're already in a fairly comfortable position when you cast her, Elspeth closes out the game in no time, turning anything you pick into a highly relevant flying threat
You may cast that card
She's also legendary for Commander purposes, but do note that her ability only works once per damage dealt no matter how many punched face with that "or more" language there