Why would it be overused at all??? It's nothing THAT great...
PTDN-EN087 Prime Material Dragon Light/Dragon/6/2400/2000 Any effect that would inflict damage to a player's Life Points increases their Life Points by the same amount instead. When a card's effect to destroy a monster(s) on the field is activated, you can send 1 card form your hand to the Graveyard to negate its activation and destroy it.
YG01-EN001 Light and Darkness Dragon Light/Dragon/8/2800/2400 This card cannot be Special Summoned. While this card is face-up on the field its Attribute is also treated as DARK. When a Spell or Trap Card is activated, or the effect of an Effect Monster is activated, that activation is negated and this card loses 500 ATK and DEF. When this card is destroyed and sent to the Graveyard, select 1 monster in your Graveyard. Then destroy all cards you control and Special Summon that monster.
....you can't possibly compare the 2 to eachother. Prime Material Dragon is basically a reversal of Bad Reaction to Simochi and a built in My Body as a Shield with a discard cost rather than LP payment. I could see SOME use...but OVERuse??? Not a chance.
Actually no it wouldn't. People don't use plain burn anymore, they use 2 different types.
1. Comic Odyssey ~it uses Skill Drain to prevent things like this and Des Wombat, and of coarse the monarchs 2. Baboon Burn ~if it's not burning you with Just Deserts or anything like that you can easily switch to offensive and kill the dragon with Green Baboon