Okay I completely looked past that multiple attack part. Its a pretty amazing beater if you clear the back row. Summon it when an opponent has an Xyz out, Get rid of at least one overlay for a total of 5500 atk while clearing a way for the attack.
Of course getting those three level threes out will be a challenge, but is someone creates a consistent way for it (I am looking at Holy Carved myself) and the growing popularity of Xyz, I can see this card becoming a relatively good choice. And if you get it out with galaxy eyes, even better.
[::[_]::]Common sense [+[_]::]just because you can doesn't mean you should
If it does indeed negate everything's effect, although preventing its summon should be relatively easy, without even considering counter traps, the only other common ways to defeat it once out is either Honest, Machina Fortress or creatures of the like, and Effect Veiler into a mirror force/dimensional fissure/Ryko/something (in my case super poly) of that nature.
Everything in life is a battle. Even peace itself is a battle to maintain it.
You know, it wouldn't surprise me if they kept the first effect as is considering what you need to do to get it out. 3 level 8's with one of them being galexy eyes. I know a way probly exists but the only thing that comes to mind atm is dragon deck.