This is Chimera for the runner. 3 strength is nothing to scoff at, and if you pair it with an LLDS Processor, that's 4.
Just the small matter of having the credits to put this down every turn, and for the ICE to not be 2 deep. If you can solve one issue, you probably can't solve the other.
You can have a Sahasrara down to pay for this every turn, and you could also host it on Scheherazade every time as well, and make a bit money from installing it. At least that install click every turn isn't going to waste.
London Library is also a nice option as you would obviously trigger Chameleon to return to your hand before trashing all programs on London Library (Simultaneous effect rule: netrunnerdb.com.) This makes the install free, and not any more clicks that you'd use every turn to put it down.
The corp should mostly be stacking different types of ICE on servers anyway, but not always, double Eli 1.0 is common, and this still costs Chameleon 4 to break, but that's better than 2 credits and 2 Cerberus "Lady" H1 tokens in my opinion.
The issue with this card is that once the corp has 2/3 ICE on a server, you need dedicated breakers, and if you're running dedicated breakers anyway, then why even run this card in the first place?
You could run 3x Knifed, Forked and Spooned and just trash one ICE at a time, which sounds fun, but probably not a viable strategy for winning, and those are 3 influence each, so you'd probably want to run that out of Anarch, but then this is 3 influence as well.
It's a good early game breaker, for sure, but without the economy to back it up, it struggles, and then it falls flat mid/late game when you don't want to be spending a click every turn to put down, a(n admittedly decent), 4 strength code gate breaker.