Creator of the Multiverse database for custom sets, the Magic Turing machine (proving Magic Turing-complete) and the random Magic card generator.
It's a metagame card. It might have some use if the environment allows it. It'd give Hypersonic Dragon some use beyond fluff rare, since you could then play Remembrance reactively. Remembrance has potential with the Dimir coming up, but I don't want to put mill so squarely in my sights unless I have to. I think it exists as a straightforward solution to an expected problem, and I think its major application will be fighting the Golgari as a sideboard card in limited (forcing their scavenged goods out of their graveyard before they can be activated).
This kind of card has a place, but its application isn't as straightforward as some of its kin were. Gaea's Blessing benefited from being a cantrip and an instant, two things this card lacks. I don't know if one mana and self recycling is cheap enough to make up for that.