10/4/2004: It does not replace any use of creature types in card text.
10/4/2004: This can grant a creature type to animated lands and artifacts that would otherwise have no creature type.
8/1/2005: "Legend" is no longer a creature type, and may not be chosen.
8/1/2005: If you choose Wall, then your creatures can still attack because creature types don't confer abilities such as Defender (any more than, say, choosing creature type Bird would confer Flying).