The moves Wizards has made over the past couple of weeks show that Wizards is clearly aware of the fact that it is running out of reprint equity, especially Modern reprint equity, since it has already reprinted such a huge percentage of the expensive cards, in some cases two or even three times
What does Elrond, Lord of Rivendell do
By this point in the game, your mana should already be fairly well established, having hit three (or more) land drops and running out some rocks as well
Most importantly, you can hold up all your countermagic with this
Its 'target player' and that means it can be used as a self-mill outlet
When a non-Angel creature you control dies, she transforms at the beginning of the next upkeep into Avacyn, the Purifier, a 6/5 that deals 3 damage to each other creature and each opponent