If you time things correctly and play Dress Down at the end of your opponents turn, it stays on the battlefield until the end of your turn, so you can sneak Phlage or Uro into play on turn 3 without having to sacrifice it
What makes the Faerie one stand out the most for me is having flash
There are also plenty of other token generators, like Whirler Virtuoso, Myr Battlesphere, and Angel of Invention to provide populate targets, but these work just as well with Satya's duplication ability
It will continue to attack or block
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It isnt an effect we see often, though it does sometimes show up in Masters-style sets