when a removal spell isn't playable in limited, it definitely isn't playable in vintage
If any card can make this statement false, it's this one.
Still, we're looking at a card that would fill a VERY small niche in Vintage - white removal for use in a deck with a TON of artifacts. Such a deck would need to be agressive enough that the life-gain "drawback" on STP makes it less appealing than the drawback this has of being marginal w/o metalcraft. Pretty limited use. Keep this one in the "maaaaybe someday" box.