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It still does

Its just not a bomb rare and nowhere near as exciting as it is in other formats

Instant Color tag templates(None) Slash of Light Slash of Light deals damage equal to the number of creatures you control plus the number of Equipment you control to target creature

Many of the most interesting cards in Magic are those that show a color doing something unexpected but still within the scope of what feels like something that they should be able to do

Printing a bunch of powerful new cards that can't go in Standard, the previous two iterations both were seismic events in Modern, Legacy, and Commander massively shifting the meta and providing valuable reprints