Is is simply an issue of perception then that Bolt was balanced? I do feel your point is very valid and has changed my opinion a bit.
Spiderman, let me ask this, and please don't think I'm trying to be confrontational. I'm simply curious. If Incinerate was put in for balance issues, why do you think it was pulled in favor of Shock, which broke R&D's own rules of set rotation (Tempest and Stronghold weren't supposed to be rotated in yet)? When was 6th rotated in? (I can't remember.) Was Urza's Destiny even out yet?
If R&D was going towards the balanced Type II they have now (where 3 toughness creatures are the best), I can see why they pulled Incinerate.
But if they pulled it to simply weaken red, that I feel is not fair. Scorching Lava just is not an acceptable substitute to me when compared to Disentigrate and Incinerate.
Burn is supposed to be able deal damage to both creatures and players and the only 3 damage spell you can get nowadays is RARE and in a large set, thus largely out of my wallet's grasp. Red needs a good 3 damage spell that can be easily bought or traded for or gotten in a pack. The only 3 damage spells I can think of that are in the set are either hard to get or only deal damage to one type of target.
So, I feel Lightning Bolt needs to be brought back. And is is the number one spell (last time I checked) on our voting booth to be returned.