Is Preston, the Vanisher legal in Standard, Modern, and Commander?

Preston, the Vanisher is legal in: Legacy, Vintage, Commander.

Preston, the Vanisher

Q: What type of card is Preston, the Vanisher?

Preston, the Vanisher is a Legendary Creature — Rabbit Wizard. Its oracle text reads: "Whenever another nontoken creature you control enters, if it wasn't cast, create a token that's a copy of that creature, except it's a 0/1 white Illusion. {1}{W}, Sacrifice five Illusions: Exile target nonland permanent. Power/Toughness: 2/5"

Legendary Creature — Rabbit Wizard

Whenever another nontoken creature you control enters, if it wasn't cast, create a token that's a copy of that creature, except it's a 0/1 white Illusion.

, Sacrifice five Illusions: Exile target nonland permanent.