The only problem with playing that card is the same problem you have playing a Black Vise on turn 1. You may become an instant target. If you are planning on putting 2-4 in your deck, then I would make sure you have some early answers to things that may come your way. Should not pose too much of a problem in the mid to late game.
Of course anything that is constantly active or targets multiple opponents is useful in multiplayer (Syphon Soul comes to mind). Hmm...ideal opening hand in multiplayer..
2 islands, 1 forest, 1 black vise, 1 Lifegift, 1 force of will
Heh!