Legal in Modern as well as Commander, Vintage, Legacy, Pauper, and Oathbreaker, Tales of Middle-earth is a massive event with something for everyone
Speculation up to this banning had also included Quantum Riddler, which is likely too new to actually be banned, as well as Into the Flood Maw, a hyper-efficient form of interaction in for format
I think this card is basically 100% overkill and would look to other ways to draw cards in Limited, Standard, and EDH
If you play older Historic on Arena, you know just what this can do with Scurry Oak, but its also best buddies with Walking Ballista
Also, if anybody rocked up to your house with a gingerbread this large youd be stoked, so it belongs here (and possibly in your belly)