Sure, you only get one of the three cards into your hand, but the others going into your graveyard is easily exploitable
Blink and Youll Miss It So, which commander of the three is best for Hare Apparent
If youre playing a longer game, you can even grind it up to get an anthem effect and eventually a powerful finisher than can easily make your best creature into a lethal threat
But there are plenty of ways to deal with small creatures in Black
If you can manage to win or destroy the Talisman after using it the first time, its a decent sorcery-speed tutor
The other options of Mirrodin Besieged were Spread the Sickness, which evoked the Stone Rain philosophy of making something expensive but tacking on an extra effect, and Virulent Wound, a cheap way to get a -1/-1 counter on a creature (with the potential of a poison counter for its controller)