The deck plays control often enough for a draw engine to be worth it, has Senseis Divining Top already to help set up Chandra, and runs enough acceleration to make her a turn-three play similar to what the U/B Tezzeret deck does with the blue Planeswalkers
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Fortisphere was banned for a similar reason to Hiram Flaversham, because it encouraged a draw-engine meta that pushed Sapphire-based item decks to the forefront of the meta
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Now, I have in the past advocated for the fact that I don't think Theoden is as bad as people think he is, most notably in this old blog post: wardenofarnor.wordpress.com However it is important to point out that there is a wide gulf between "not as bad as people think he is" and "good compared to the majority of heroes"
anime just as players flock back to the decks that defined this era, we thought wed run down the most competitive decks featured within Yu-Gi-Oh