The major advantage of Warped Landscape is that it comes into play untapped, meaning you can tap it for mana as soon as it comes into play. It also lets you sacrifice it for 2 mana to get a basic land into play tapped. That’s the same mana investment as Rampant Growth, but it requires that you play a land in addition. Still, at the very least, this land can go into literally any draft deck. While it’s not as good as Myriad Landscape, it could easily see play in Commander.
Will it see play in Standard or other formats? With the Khans of Tarkir fetchlands no longer going to be in Standard when Shadows over Innistrad arrives, it’s possible. Warped Landscape is good for Battle for Zendikar-block Landfall triggers when you play it and use its ability in the same turn. It could see a smattering of play, but the land coming into play tapped puts it on par with a land like Evolving Wilds - although Wilds doesn’t tap for mana.
Still, you can’t ask a lot from a non-basic land printed at common. It will definitely be welcome in Shadows Over Innistrad drafts and sealed deck tournaments, even if it’s not a high pick. Shortening your deck and fixing your mana is always going to be important.