Did they change it in the last patch?

It was more or less same as in BG 2? Looked fine to me...

It's one of the better spells for a simple reason, it has no concentration.
That alone makes it better than most, before magice missile characteristics even apply.

When we talk about reworking spells, i would point out to the sea of edge case spells that all have concentration and are bad because of it.

Perfect example is the druid class. Larian has EA Data i'm sure they could see what community is not using and could improve those.
I bet we all use the same cookie cutter spells like Magic Missile!