I actually like this way better, it makes for a lot of interesting variety.
Red can't just kamikaze assault one player and hope they have enough life to finish off the other guy later. Now they have to watch other opponents.
However this give lifelink and creature sponge decks a HUGE advantage... but also forces them into tricky situations.
Heheh, I can see how this can give some decks an edge and some a headache.