Reminds me of the Futurama episode where time keeps skipping forward randomly. "Time Skip" or something similar would also work for the name, though this name is fine.
Possible alternate card text: "Advance time by one turn." The effects are self-explanatory; it makes everything behave as if both players had just hit the spacebar, except that no creatures or weapons attack, and no abilities are recharged.
Very flexible card, but 2 turns is a huge difference from 1 turn; personally I think the upped should just have a decreased cost.