The ability resolves even if that spell is countered
He starts as a 2/2 with flying, and gets stronger whenever one of your nontoken creatures dies
You may still activate the Equipment's other equip abilities if you wish
To remedy this weakness, Blue is a master of returning permanents to their owners hands, something commonly referred to as bouncing
For instance, despite all five Titans being legal, Elesh Norn was a dominant Standard card on multiple occasions, most memorably in its role of what you can Birthing Pod a Titan or Wurmcoil Engine into. Creatures (28) 1 Llanowar Elves 1 Solemn Simulacrum 4 Birds of Paradise 1 Acidic Slime 1 Inferno Titan 1 Wurmcoil Engine 1 Viridian Emissary 1 Elesh Norn, Grand Cenobite 4 Blade Splicer 1 Fiend Hunter 3 Avacyn's Pilgrim 1 Geist-Honored Monk 4 Strangleroot Geist 4 Huntmaster of the Fells Lands (24) Spells (8) In a format full of haymakers, Elesh Norn was one for the ages, particularly alongside lots of small, dorky creatures like Llanowar Elves and Germ tokens