An often underrated card: it is perhaps the textbook (instruction booklet?) definition of a placeholder, run until you get something better. The thing is, the effect isn't really that bad and all that is really missing for this (and many similar cards) is more card interaction. Imagine if there was a Supporter specific to Items or even the "Ball" family of cards that let you search and/or recycle multiples of said Items? If I could exchange my Supporter for three flips at finding the Pokemon I want while simultaneously thinning my deck by three cards even if it failed, this would finally have a real use.
Well, besides as filler. When you're starting out, its often all you've got. It does do its job adequately, its just this game has enough raw power in its draw/search/recycling and the action done is so important that it is just easier to use a Supporter for the same end result.
Ratings
Unlimited: 3/10
Modified: 5/10
Limited: 10/10
Summary
Like I said, this card does its job and it does it reasonably well. You'll average one searched for Pokemon card (with no restrictions) for every two you play. In Unlimited it suffers because of better alternatives and the fact that format has the best in draw, search, and recycling cards available to use, and in Modified most decks that can draw enough to afford a few failing, also draw so much they'll just get what they would have searched for anyway. Clearly a must run for Limited, though.
I miss good ol' Great ball), Master ball(AKA Greatball of today. Grrrr.), Dual Ball, Dusk Ball, Luxury ball, or my favorite, Quick ball.