The +2/+2 boost and hexproof from mono-colored spells make it tough to answer, and the more colors your creature has, the cheaper it is to equip
Five life is quite a lot to pay in todays Commander metagame, but this feels costed just right as something that will cost life on crucial or early turns and otherwise just cost three mana
I'm looking forward to trying this with some better markers
While Ive mostly seen it in Tron strategies, you can run it in other similar decks where you want to access card selection at instant speed
Even if I've convinced you that incarnate is a good thing when designed well, I still need to defend lack-of-variance
Black (Common), Silver (Uncommon), Gold (Rare), Red-Orange (Mythic Rare)