While five-color Commanders have it a bit better than colorless Commanders, there are still only around 50 of them in the entirety of Magic: The Gathering
Not bad, right, especially with that prowess
Early Magic tried to connect it to blue's wizard flavor, but it never really made any sense
There are a number of Easter Eggs for MTG players whove been around a while
Almost every Ragavan, Nimble Pilferer deck plays the two-mana sorcery alongside it, as the more mana you can create, the better Iteration is as it is not being forced to take lands from it/having the mana to be able to cast any card you hit makes Iteration closer to a two-mana spell that draws two of the top three cards, which is utterly broken
The original card had "you draw two cards and lose two life", "destroy target creature," and "cast a spell without paying its mana cost." The last ability was both too powerful and not really black (black could cast a spell out of a graveyard)