Once you get to the late game and things are going according to plan, having a Dissolve in your hand means there's very little your opponent can ever hope for in order to claw back into the game
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However, many gamers underestimate the importance of their connection stability
Both see a good amount of multi-format play, mind you, which is some consolation
Players can't cast noncreature spells from graveyards or exile
I'm not sure how often this was played in competitive Magic (aside from my use of it in a Modern deck during the last local Grand Prix I attended!), but it still seems to remain popular among some players