The Lookout costs one mana more and is of a more relevant creature type than the Sprite, since there is the possibility of a Pirate tribal deck but not a Faerie tribal
These tokens can get giant, as they come in with counters equal to that card's mana value, which makes them all give you two creatures for the price of one
For example, if we look at a card like Mindbreak Trap, it says exile any number of target spells. It would be to powerful if you could exile any number of creatures on the battlefield, so this only refers to cards that are on the stack
To make the most of this ability, youll want to fill up on utility pieces like Spellskite and Phyrexian Metamorph, and grab them as needed
Possible Future Bans This is more speculation than certainty, but a card is obviously at risk of being banned if it just won its third GP or was central to every Top 8 deck of a pro tour
Agile predators with equipment synergies