I used to run a deck similar to this, however, as only black and white, I don't beleive it can succeed. Blue really makes (or made) the deck, becasue it gives you a couple of very important things: card drawing, Meddling Mage, and to some extent Force of Will and Serendib Efreet (Though Dibs aren't what they used to be; hell they weren't what they used to be in 2001). Even with the blue, the concept is somewhat iffy. Here's the decklist I ran about this time last year (and its age shows):
//Mana
4 City of Brass
4 Underground Sea
4 Tundra
4 Scrubland
4 Wasteland
1 Strip Mine
1 Sol Ring
1 Mox Sapphire
1 Mox Pearl
1 Mox Jet
1 Black Lotus
//Fun
1 Yawgmoth's Will
1 Fact or Fiction
1 Demonic Tutor
1 Skeletal Scrying
1 Mind Twist
1 Time Walk
1 Ancestral Recall
//Games
3 Psionic Blast
4 Duress
4 Vindicate
//Someone losing an eye
2 Masticore
3 Phyrexian Negator
3 Serendib Efreet
4 Meddling Mage
4 Savannah Lions
SB: 1 Masticore
SB: 1 Balance
SB: 3 Crystalline Sliver
SB: 1 Aura Fracture
SB: 2 Blue Elemental Blast
SB: 3 Samite Ministration
SB: 4 Swords to Plowshares
I played the deck (it was called "Clubber Lang," if you want to do a search) to a Top 4 a T1ToC 6, and there should be a few reports in the archives here, along with an old thread:
http://www.themanadrain.com/forums/viewtopic.php?t=11260http://www.themanadrain.com/forums/viewtopic.php?t=12065As fun as Vindicate is, it is very slow, and is horrible if Misdirections are floating around.
I don't think Balance belongs here, except as a sideboard option.
This deck unfortunately sucks against omnipresent bad red decks, as you'll notice from the 14 cards in the side devoted to that matchup.
Vampiric Tutor doesn't belong here, both from the life loss, and (more importantly) from the tempo loss. Top of the deck tutors really stink in aggro decks, especially those that can't draw cards well.
I do think it might be worth toying with this deck a little nowadays, as there were a few cards that looked like they might be helpful in the newest sets. Chalice of the Void and Trinishpere were things I thought of off the top of my head, perhaps there are a few others.
Lastly, if you really want to go with a B/W creature deck, the most successful one was a white weenie variant (so already you can tell just how successful it was) that used that cleric that reduces mana costs by BW. There is also no reason to play Lions when black already has Sarcomancy and Carnophage.
In fact, now that I think about it, your deck ends up looking a lot like old Suicide Black, but with Powder Kegs instead of Null Rods and 4 removal spells instead of additional discard, one of which is extremely clunky, and the other of which hurts your cause by giving the other player life. Edict can serve pretty much the same fucntion.