guy_fawkes: This is a permanent, so, yes, it is continuous. And it's merely their next card that is visible to you, not their hand. Drawing more than one card a turn (e.g, being a HB or FG or hourglass-whoring) limits its usefulness.
finkel: Yes. Yes, it would.
kobisjeruk: My M:tG experience is extremely limited, so I haven't seen those cards before. One crucial difference I see, though, is that only the possessor of Shard of Intuition can see the next cards. And, uh, sorry? Didn't think anyone would take Intuition.