This cube follows pauper eligibility, not the banlist. Some cards have been removed for being too powerful (most notably sprout swarm and capsize.)
The format is fairly beginner-friendly (for a cube that is) so I think it can be a good way to get newer players into the objectively best way to paly magic.
My main concern with the list is that while some color pairs have clear archetypes (GW auras, UR spells, UB control) most don't have a clear goal outside of to have a good curve. On the one hand this environment arguably helps the format be beginner friendly since the draft can be pretty simple with two steps:
On the other hand this sort of experience isn't the most dynamic and I don't think simple and dynamic have to be mutually-exclusive. To that end I'm tinkering with the list a lot. I'd like to see more pushed commons to edge out some of the less exciting cards in the list and I'd like to make more of the color pairs feel like they have a unique identity.