5/2000/1500
Dark/Zombie
Effect Monster
DCR-000
Secret Rare

Each time this card inflicts Battle Damage to your opponent declare 1 card type (Monster, Spell, or Trap). Your opponent selects 1 card of that type from his/her Deck and sends it to the Graveyard. Also, when this card is destroyed and sent to the Graveyard by you opponent’s card effect, it is Special Summoned to the field during your next Standby Phase.
 

I think with IOC out he should get another review

Vampire Lord:
Each time this card inflicts Battle Damage to your opponent declare 1 card type (Monster, Spell, or Trap). Your opponent selects 1 card of that type from his/her Deck and sends it to the Graveyard. Also, when this card is destroyed and sent to the Graveyard by you opponent's card effect, it is Special Summoned to the field during your next Standby Phase
So it seems pretty good at first and I hate to tell you, you're right it is a really good card and for more than the effect the whole disruption your opponent's deck, coming back when destroyed by a monsters effect or any effect for that matter.
 

Well now to start out by saying Invasion of Chaos is out and this is something you are still going to see played, yes it is overrated but aren't most secret rares but this is such a good card. In Japan this card see a lot of play and has been seen in more and more decks, first released in the Kaiba Structure deck and than it was reprinted so more people would buy and use it and more and more people did.  This is just going to be a sick card it's effect can be devastating you really do control the game when you have this out. The only thing you have to worry about are the high 4 stars like Goblin and Orc and cards like Injection and Jinzo, but really besides those this card will be coming back. Oh wait did I forget You have to watch out for D.D Warrior lady and Kycoo, yes that is right Kycoo it happened here and will in Japan too it will make a come back just for this monster and D.D Warrior Lady is going to see some play because of this card alone. This is a card many are going to want but up there in the 50 price range it is better to wait for a trade or at least until unlimited edition comes out. But there are many reasons to play.

Why is it good?

Well besides the reasons I just explained he is good for the fact you are taking control kind off. You attack tell them to take out a monster spell or trap you could do a lot more than that you could mess up a deck by eliminating a plan they have you could get rid of there traps to protect your monster but the best and only thing I would do is call magic or spell because those cards are the base of most decks. A lot of s/t and monster removal  magics or spells as we now call them that to be politically correct. But the reason to take out magics is not because any thing else then magics are usually the most powerful cards in a deck and that is almost always true. When playing a tourney there is never a time you want to get rid of anything of yours but really magics gone from your deck can really screw you. I mean if it is any kind of deck magics will hurt. There is no bad magic in a tournament yu-gi-oh deck, well a good one anyways. Now you see taking their monsters could be good they cannot atk you and you win after a few turns via take away their life w/ or with out yata. But the thing with taking out monsters are the get to pick so they will ditch sinister serpent or Jinzo Airknight and revive them you are giving them too much choice with magics in a deck even with out one it can mess up a deck you are rarely ever going to get them to a point where they have o monsters left because if you focus on their monsters the can revive them via monster reborn call of haunted or even premature so this is not a good idea as you can see.
The other reason this is good besides the taking cards out of your deck is the fact that it is so hard to kill. When killed by any cards effect it comes back during your standby phase. So what they are pretty much saying is that the only thing that can kill it is battle damage. So that leaves you with the usual monster threats, Such as Goblin attack force, Lily, Orc, Jinzo and more too. But that will not be a problem really the thing is they can kill it and then reborn it and use it's first effect or when they use change of heart this could be just as bad as getting a lily stolen on an open field. But this is no reason not to use it, it is regardless still a wonderful card.
Should you use it?
Well depending on your deck the answer should be yes. If you are looking for some disruption to even up the game when your loosing or help you win when you are winning then this is a card that should be played and if you run a zombie deck then you should no matter what for the fact you can get it out via pyramid turtle and speed is important. But if you are playing this in a beatdown or a hand disruption don't play pyramid turtle just to get out one card it is a waste of deck space.
So overall it is a great card with a great effect to match it and how often do we see that. But really if you get this you should really play test, it could really make you a champ.
I give VL a 4.3/5 but that is just my opinion

casual 4.5/5

tourney 4.3/5

draft 5/5 - you get him out with draft having little or no removal you pretty much win unless they draft a 2000 or higher and manage to summon it.