Karmic Justice has a strong effect. If one of your noncreature permanents is destroyed by a spell or ability an opponent controls, you get to destroy a target permanent that player controls. That includes lands. Talk about serious retribution for your stuff being destroyed. If someone wipes out all of your enchantments and/or artifacts, you can deal out some serious punishment. And in those rare cases where all lands get destroyed, the payback will be serious. Note that Karmic Justice’s effect does not activate if the permanents in question are exiled - as they aren’t truly destroyed.
This is an excellent reprint. Many of today’s players have never even heard of or seen this card in action. While it will definitely hurt the price of the original Odyssey non-foil version, the $20 Odyssey foil should be a great investment now that more people will want to play this card.