This card is a slightly worse Vampiric Tutor, but that's not really a bad thing. If anything, it's more balanced than Vampiric Tutor because of one thing and that's its speed. This card lets you looks for anything and put it on top of your library on your turn whereas Vampiric lets you look at the end of your opponents turn and that's what makes Vampiric Tutor arguably the most broken tutor in the game (excluding the 6 Wishes of course). However, let's get back to the card in question. This card is really powerful, even with the timing restriction. The loss of life is peanuts compared to the power of a first-turn unrestricted search. This card would probably like to see a reprint, especially since Avacyn Restored brought us the Miracle mechanic, but it never will. This is a card you will probably never see outside of a Vintage tournament since they cost $600+ each, but I figured that I'd keep my promise to review everything on Gatherer and not just the stuff us peasants will be able to see.
Pros: First-turn unrestricted search
Cons: Sorcery speed