You want this card on the outside of a server with multiple pieces of ICE with multiple subroutines. Hive and Spiderweb would both love this card, as it would massively increase the cost to break them. Being only 1 pip also makes it Weyland splashable easily.
Rezzing for 2 and having 4 strength is also not a bad strength to rez ratio and isn't broken by Yog.0 which is nice.
However, isn't this often going to be either a midgame 4 strength ETR piece of ice with 2 subroutines or if the runner is rich a slight tax? It is going to be interesting but not a competitive piece of ICE I think,