When your opponent activates a Spell/Trap Card with the same name as one in your Graveyard: Negate the activation, and if you do, destroy that card. Then, you can add 1 card with that name from your Graveyard to your hand.
Negates the activation of your opponent's Spell Cards / Negates the activation of your opponent's Trap Cards / Destroys your opponent's face-up Spell Cards / Destroys your opponent's face-up Trap Cards
While this card may seem cool at first sight, you need to fullfill three different conditions for it to be useful
1. Draw and use the card you want to counter before you set this
2. Have this set on field before your opponent activates the card you want to counter.
3. Have your opponent activate the card.
It's just too much hoops to jump through. While no doubt it will win you some games, most of the time it's going to be a blank card in your hand that you would rather be something else that advances your gamestate.
In a high competitive enriroment (high platinum, kaiba cup), people will always play the same spells.
Maybe it is worth the risk to have 1-of this in your deck.
U stop your enemy and get a spell back. EC, Etaqua, Mirror Force, and any card in mirror match like Ritual, Elegant...