Yeah, I had figured it was just a misprint, but after I had pointed it out to someone, another person walking by said that a couple of the judges up there had mentioned the card would be unplayable as is, since a Spell Speed 2 can't exactly chain to a Spell Speed 3, even IF the card text said to counter the counter trap.
You'd think common sense WOULD make a difference, but then the rules lawyers that take everything at face value kick in and really make it a pain. I had a nice discussion with someone there in Columbus about this as it was. Quite amusing, anyway.
I first noticed it when I mentioned it would be amusing to chain Counter Counter to Counter Counter to Counter Counter to Counter Counter... then I noticed, wait.... that's not listed as a counter card.... and yeah, the mind boggled.