This is the same as the 1999-2000 run was not a limited run, even though it is also more limited than unlimited
In the context of the card, it appears to be wordplay on the fact that the word "present" can refer to a gift you give to someone (in which case, it's pronounced like "pleasant") or the act of showing something off (in which case, it's pronounced like "prevent"), and the effect appears to be using both meanings at the same time
I think your description is bang-on: it has slightly more gloss compared to other new back cards (I compared it via a yokohama pikachu back and a munch scream psyduck back), but compared to a JR glossy mew the gloss is not even close that a true glossy card
Additionally, its retreat cost of two can make it difficult to protect once it has sustained significant damage
Three cards have been shown in this new rarity: Pikachu, Mewtwo, and Mew