Immune to magic, teleport around to be annoyingly hard to hit.

But squishy and not very painful either.

They come in red and blue versions. This, obviously, is the red one.

Blegh, the blue ones probably ought to have phasing; but phasing is horrible.

Just make phasing unhorrible. It isn't difficult.

"At the beginning of your upkeep, exile this creature. Return it to the battlefield at the beginning of your next upkeep."

Why wizards hasn't gone back and remade phasing is beyond me. Probably something about not wanting to keyword negatives.

(Obligatory comment about hexproof not being Red. Other obligatory comment about this card being too expensive. Failure to see the irony that this card is too expensive because hexproof is not in Red.)