As an auto 3-of or 4-of in all variants of the deck, this card has fallen 50% or so since the reprinting, but could stand to gain ground before end of summer on the back of another strong finish at this tournament
You skip your draw step and you can pay 1 life for each card you want to draw, which is a big upside if you can handle the life loss
Should this be an "anything goes" format, like Timeless
Pull data indicates Illustration Rares at roughly 1:8 packs, Special Illustration Rares at 1:91, and Hyper Rares as low as 1:1000
Green creatures are weak against Pillar of Light effects, whereas most other colors have few creatures that can be targeted by Collar the Culprit
Anyway, a new Pikachu to find I guess