Is Merciless Repurposing legal in Standard, Modern, and Commander?

Merciless Repurposing is legal in: Modern, Pioneer, Legacy, Vintage, Commander, Historic.

What type of card is Merciless Repurposing?

Merciless Repurposing is an Instant. Its oracle text reads: "Exile target creature. Incubate 3. (Create an Incubator token with three +1/+1 counters on it and "{2}: Transform this token." It transforms into a 0/0 Phyrexian artifact creature.) *As the harvesters bore away the last of his limbs, what remained of Urabrask heard Elesh Norn say, "Leave the traitor be."*"

Merciless Repurposing

Instant

Exile target creature. Incubate 3. (Create an Incubator token with three +1/+1 counters on it and ": Transform this token." It transforms into a 0/0 Phyrexian artifact creature.)