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They mutate into the creature on top plus all abilities from under it.) Flying, first strike Whenever this creature mutates, you may cast target noncreature card with mana value 3 or less from your graveyard without paying its mana cost

The 1/1 is value but it doesn't really make up a whole cards worth of value

Given that those retail for around $38 on their own, youre essentially getting 12 Play Boosters and the lands for around $50

It does give the opponent four life, but this downside is hardly impactful, especially considering you'll likely have a field full of creatures to take it away just as quickly as they got it