It doesn't copy whether the opponent's token is tapped or untapped, whether it has any counters on it or Auras and Equipment attached to it, or any non-copy effects that have changed its power, toughness, types, color, and so on
The other "Power Nine" cards are Ancestral Recall, Mox Emerald, Mox Jet, Mox Pearl, Mox Ruby, Mox Sapphire, Time Walk and Timetwister
All four of these cards look like potential fits for an aggressive-ish black deck
The very first one was normal 40-card Limited, with all the participants split between two teams that they could win points for in a larger competition
Based on that first model, lhurgoyfs grow from what's in the graveyard , and that iconic first piece of art for Lhurgoyf by Pete Venters shows it having dredged up a skeleton to consume