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(However, if it's still in the graveyard at that time, it will count itself, as it is very much a hot card.) If another effect modifies how much damage your hot source would deal, including preventing some of it, the player being dealt damage or the controller of the permanent being dealt damage chooses an order in which to apply those effects
However, where this guy really shines is in multiplayer, where he often draws a Terminate or Rend Flesh, and then dies to give everyone two lands
Final Fantasy feels different
You get better value and save yourself from angering one or two players because they feel targeted
And even if you don't go crazy, sac a bunch of tokens, get a bunch of Blood Artist triggers, and what have you, you can still easily end up with a pretty big flyer for four mana or give/proliferate it counters through other means