Can we talk about this?

To me it basically reads like a green cantrip. Sure it's worse than Ponder or Brainstorm, but it has other uses that'd make it feel welcome in a non-blue deck.

There are two main uses: fair or unfair. In a fair mode, it basically always finds lands when you need to make your land drops, or action of some kind in the late game, so the card is basically never dead. Even Ponder and Brainstorm miss sometimes, this card never does. The expected value is lower but the floor is higher, so to speak.

In an unfair mode, you could basically fill your deck with lands or nonland cards to find a desired card for some janky combo. Let's say you fill your deck with nonland cards (and with the newest spell-lands this isn't as crazy as it looks like) and a single land (or multiples of it), then you basically have 8x copies of that land in your deck. I don't know if this can be applied to Dark Depths or some tier 4 brew that always wants to find Tabernacle for some reason but this is something to keep in mind. Worst case you can use it to cantrip or something.

Or you could fill your deck with lands, except for a single non-land card (or multiples of it, and/or redundant effects) and use this card to find what you want and increase consistency. I can't think of a combo that could take advantage of it (is Land Nauseam still a thing? lol) but it still sounds fun, and something to keep in mind for future printings. In a more prosaic mode, it could be used by Lands decks that have hands full of lands need to find an engine of some kind to dump/recurse their lands.

Anyway I'm quite happy that Wizards is making tentative moves to bring the other colors up to blue's enormous slice of the color pie, even if the result is not quite up to par.