The second goes at Ravnica and Zendikar didnt live up to their original blocks either, but both of those also went back to their roots and gave us some awesome sets the third time around
Play somewhat conservatively and politically
(Its not actually infinite infinite because if you use Rals ultimate and fail all five flips you cant keep untap the Veil, but at least you get infinite Planeswalker loyalty.) It will be popular in some EDH decks and in casual circles, but I have real trouble imagining this being good enough in any other format
It pairs beautifully with cards that flood the battlefield, like Goblin Instigator or Hordeling Outburst
Balan, Wandering Knight is a fine commander, but I feel he will do better as part of the 99 in other Equipment decks, such as Kemba, Kha Regent or Jor Kadeen, the Prevailer