It doesnt change power and toughness, which is a bummer, but you get evasion, protection, and lifelink on a single card, and that should be good enough for heroic or Voltron builds, for a start
Every color has access to it as a solid way to either make its creatures modal (via X-spell creatures that enter with X counters) or capable of growing into the late game
That's all about ramp too
Mirri, Weatherlight Duelist would be the third and final new commander, using the Equipment to go all-in on a Voltron strategy and dismissing the Cat swarm technique entirely
Faramir, Prince of Ithilien Faramir, Prince of Ithilien makes your table discussions very interesting by having you choose an opponent each round