Even on its own outside of a Pirate deck you still have a two mana creature that can flash in and block an opposing attacker, acting like a removal spell that pairs favorably with all of the ways to reanimate creatures in Standard
It has value at the table, no question
Ill find out all the same.
Piru, the Volatile With Piru, the Volatile around, you can opt to pay the mana and keep a 7/7 flying and lifelink dragon around, or let it die to deal 7 damage to each nonlegendary creature
I love Lorwyn Eclipsed as a set, and as the year has gone on, my appreciation for this deck has only grown with every crushing defeat I take at its hands.
Lotus Cobra is susceptible to just about any type of removal, but it only takes a turn or two to splash any color mana with its Landfall ability for an advantage in a match