wipe away played -> dsteel weakened -> dsteel not played -> wipe away weakened -> wipe away not played -> dsteel strengthened -> dsteel played -> wipe away strengthened -> go to start
Absolutely correct. Wipe away is pretty much the ultimate answer to hating DSC out of the metagame if he becomes too metagame-warping but right now he isn't enough of a threat to dedicate slots solely to defeat him. If some new deck was created that trounced over all other decks in the format by being even better at getting out and protecting DSC than Gifts currently can then Wipe Away would be the best answer available to hate out such a deck. The same thing goes for the other split second cards - they will make an excellent safety valve, preventing many strategies form becoming overly metagame-warping. It's just that right now the metagame is fairly balanced and no one strategy really needs to be hated out so bad that these new split-second cards are currently necessary.
(edits: spelling/grammer/typos)