Modern without banlist

How would Modern format look like if there were no banlist? Some of you think that, every deck will conist of 56 cards and four Mental Missteps. Jace, Skullclamp, Hypergenesis and other forbidden cards around. Modern format dominanted by sick archetypes. How justified are these concerns?

A MtG shop based in Bellevue USA Mox Boarding House decided to find it out. They have been firing a Modern format No Banned List Tournaments quite regulary. The conclusions are very curious. Well, the metagame is diversified  and it may be fun to play this format. Just take a look at top 16 decklists from the latest event and check it out. In my opinion, some cards will be unbanned sooner or later.