YES I AGREE CID, BUT I THINK THAT JUST SHOWS ITS USEFULNESS WOULD BE CIRCUMSTANTIAL.

i.e. IT SHOULDNT BE USED TO GET AWAY IN THE SITUATION YOU JUST MENTIONED (MOST 1V1'S, DUEL, NOT USEFUL).
IT WOULD BE USEFUL TO AVOID GRENADE OR EXPLOSIVE DAMAGE, AS SUNRUI SAN POINTED OUT.
IT WOULD BE USEFUL IF U GOT NAPALMED AROUND CORNER AND YOU WANT TO AVOID THE LINGERING FLAME DAMAGE.
IT WOULD BE FUN AND INTERESTING TO USE IN QUESTER MODE. (E.X. DADDY PALMPLOW LOCKED ONTO U AND U KNOW U AINT DODGING)
IT WOULD HAVE PLENTY OF INTERESTING APPLICATION FOR EVENT GAME (BUT I WILL NOT GO THERE, EVENT DISCUSSION IS RED TAPE AREA FOR ME UNTIL JOIN E.T.)
IT WOULD BE MOST USEFUL IN TDM, WHERE STASIS PROVIDES BREAKAWAY TIMING FOR MATES TO ARRIVE.

I THINK IT CANT BE A DIRECT COPY OF L.o.L , BUT IN A MODIFIED FORM IT WOULD INTRODUCE AN INTERESTING, SITUATIONAL ELEMENT TO THE GAME.