To offset this you get a 2/2 flier which unlike Venser is a pretty useful body to have floating about, nibbling away at planeswalkers and lifetotals
She shines when playing with auras
If its your third spell, you target Stella, Stella targets the Fealty, it targets Stella, and onwards until you win
When resources are fluid
These cards dont quite fit into the sections weve covered so far, but theyre still critical in Modern
It poops out little dudes to protect itself, it resurrects all your weak creatures (who may have fallen while protecting it), and if you're already in a fairly comfortable position when you cast her, Elspeth closes out the game in no time, turning anything you pick into a highly relevant flying threat