A bit pricy at 4 resources but relatively cheap with a strike cost of 2. As this weapon deals 2 damage and heals 2 damage (without any modifiers) that is really a 4 point swing. And by allowing your hero to heal this axe opens up some attacks that might have been avoided without it. It has enough power to destroy Parvink and heals enough to negate the Gnome protectors attack.
If a Warrior manages to equip this axe, drops a couple of Demoralizing Shouts and then adds a Heroic Strike - suddenly the axe is dealing 5 damage and healing for 5 damage. If attacking an ally the Demoralizing Shouts reduce the damage being dealt back. A couple of turns of that kind of muscle and anyone will be looking for a way to neutralize this weapon.
I can't see this axe supplanting Annihilator as a staple in most solo decks - but it should remain a solid second or third choice among players that are looking for weapons.
This post was posted both as a review on tNook and as a Church of the Game post.