Interesting, the only prob is very common cards such as chalice of the void and meddling mage would hose the deck (unless you went bidding route, but that seems far too slow for t1).

This could become ridiculous (sp?) if the mtgnews spoiler is right about trinket mage (a 2/2 for U2 that lets you search for a 1 or less cc artifact when it cip).  Not to mention you would have tinker, englightened tutor and maybe even fabricate without even having to splash a third color.  The only problem I see is that you would need to find a kill card making it effectivley a 3 card combo, although compulsion could double as search and dig for the kill card.

Maybe its just me, but brainstorm seems like it would be insane with shared fate...